ICMA Exam FMFQ Topic 1 Question 75 Discussion

Actual exam question for ICMA's FMFQ exam

Question #: 75
Topic #: 1

[All FMFQ Questions]

Approximately what is the daily turnover in the global fx markets (in USD equivalent)?

AUSD 5 billion per day

BUSD 500 billion per day

CUSD 5 trillion per day

DUSD 50 trillion per day

Show Suggested Answer

Suggested Answer: C

by Phuong at Jan 23, 2025, 03:08 PM

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Josephine

4 months ago

I bet the person who wrote this question is rolling in the dough from the global FX markets. Lucky them!

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Avery

4 months ago

D, USD 50 trillion per day? Come on, that's gotta be a trick question. I'm sticking with B.

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Barrett

3 months ago

C) USD 5 trillion per day

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Vanna

3 months ago

B, USD 500 billion per day? That sounds more reasonable than USD 50 trillion per day.

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Lezlie

3 months ago

D) USD 50 trillion per day

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Rikki

3 months ago

C) USD 5 trillion per day

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Crista

3 months ago

B) USD 500 billion per day

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Lynelle

3 months ago

A) USD 5 billion per day

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Mirta

3 months ago

B) USD 500 billion per day

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Alaine

3 months ago

A) USD 5 billion per day

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Danica

4 months ago

I believe it's C) USD 5 trillion per day because the forex market is massive and trades in trillions.

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Taryn

4 months ago

I'm not sure, but I think it's between B) USD 500 billion per day and C) USD 5 trillion per day.

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Jade

4 months ago

That's a huge amount! I would go with C) USD 5 trillion per day too.

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Gayla

5 months ago

I'm totally lost on this one. Maybe I should've paid more attention in my economics class.

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Lizette

5 months ago

I'm going with C, USD 5 trillion per day. Seems like the most realistic option here.

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Willie

4 months ago

Yeah, I agree. The global fx market is massive.

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Edelmira

4 months ago

Yeah, that seems like the most likely answer.

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Vilma

4 months ago

I think C is the correct answer too. It's a huge market.

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Curtis

4 months ago

I think it's C too, USD 5 trillion per day.

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Esteban

5 months ago

I think it's C) USD 5 trillion per day.

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Serita

5 months ago

Whoa, USD 50 trillion per day? That's more money than I'll ever see in my lifetime!

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Scarlet

4 months ago

C) USD 5 trillion per day

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Dierdre

4 months ago

That's a mind-blowing amount of money!

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Kanisha

4 months ago

D) USD 50 trillion per day

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Darell

4 months ago

C) USD 5 trillion per day

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Breana

4 months ago

B) USD 500 billion per day

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Gretchen

5 months ago

A) USD 5 billion per day

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