ICMA FMFQ Exam - 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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Lai

10 months ago

Wow, I had no idea it was that high!

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Hector

10 months ago

50 trillion? Really? That sounds exaggerated!

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Galen

10 months ago

I agree, 500 billion seems too small too.

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Yuki

10 months ago

Definitely not 5 billion, that's way too low!

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Reuben

11 months ago

I think it's around USD 5 trillion per day.

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Madonna

11 months ago

I remember reading that the FX market is massive, possibly over USD 5 trillion, but I’m not entirely sure.

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Deeann

11 months ago

I practiced a similar question, and I think the answer was around USD 500 billion, but that seems low now.

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Queen

11 months ago

I vaguely recall something about it being in the trillions, maybe around USD 5 trillion?

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Thurman

11 months ago

I think the daily turnover is way higher than USD 5 billion, but I can't remember the exact figure.

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Latosha

11 months ago

I've got a good feeling about option C - USD 5 trillion per day. That sounds like the right ballpark for the global forex market's daily turnover.

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Dalene

11 months ago

I'm a bit unsure about this one. The forex market is massive, but I'm not sure if the daily turnover is in the trillions. I'll need to do some quick research to get a better sense of the scale.

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Izetta

11 months ago

Okay, let's see. I know the forex market is huge, but USD 50 trillion per day seems way too high. I'm going to eliminate that one.

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Earlean

11 months ago

Hmm, this seems like a tricky one. I'll need to think carefully about the scale of the global forex market to narrow down the options.

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Josephine

2 years 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

2 years 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

1 year ago

C) USD 5 trillion per day

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Vanna

1 year ago

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

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Lezlie

1 year ago

D) USD 50 trillion per day

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Rikki

1 year ago

C) USD 5 trillion per day

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Crista

1 year ago

B) USD 500 billion per day

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Lynelle

2 years ago

A) USD 5 billion per day

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Mirta

2 years ago

B) USD 500 billion per day

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Alaine

2 years ago

A) USD 5 billion per day

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Danica

2 years 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

2 years 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

2 years ago

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

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Gayla

2 years ago

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

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Lizette

2 years ago

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

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Willie

2 years ago

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

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Edelmira

2 years ago

Yeah, that seems like the most likely answer.

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Vilma

2 years ago

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

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Curtis

2 years ago

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

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Esteban

2 years ago

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

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Serita

2 years ago

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

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Scarlet

2 years ago

C) USD 5 trillion per day

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Dierdre

2 years ago

That's a mind-blowing amount of money!

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Kanisha

2 years ago

D) USD 50 trillion per day

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Darell

2 years ago

C) USD 5 trillion per day

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Breana

2 years ago

B) USD 500 billion per day

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Gretchen

2 years ago

A) USD 5 billion per day

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