ICMA Exam FMFQ Topic 1 Question 53 Discussion

Actual exam question for ICMA's Financial Markets Foundation Qualification exam

Question #: 53
Topic #: 1

[All Financial Markets Foundation Qualification 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 Myra at Apr 10, 2024, 03:35 PM

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Carlee

8 days ago

Haha, I bet the person who wrote this question is just trying to mess with us. It's probably option C, $5 trillion per day, but who knows?

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Sheridan

10 days ago

I'm not even sure what the difference between a billion and a trillion is anymore. This question is making my head spin! I'm going to guess option A, $5 billion per day, just to be safe.

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Chauncey

10 days ago

Whoa, $50 trillion? That's insane! I'm pretty sure it's not that high. I think option B, $500 billion, is more realistic.

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Tommy

11 days ago

I remember reading something about the daily turnover being around $50 trillion. That's a lot of money! I'm going to go with option D.

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Cyril

14 days ago

Hmm, I thought the daily turnover was in the trillions, not billions. I'm going to go with option C, $5 trillion per day. That sounds about right to me.

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Simona

15 days ago

Wow, this is a tricky one! The global FX markets are huge, but I'm not sure if it's in the trillions per day. I'm leaning towards option B, $500 billion per day, but I could be wrong.

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