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

7 months ago

Wow, I had no idea it was that high!

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Hector

7 months ago

50 trillion? Really? That sounds exaggerated!

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Galen

7 months ago

I agree, 500 billion seems too small too.

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Yuki

7 months ago

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

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Reuben

7 months ago

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

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Madonna

8 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

8 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

8 months ago

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

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Thurman

8 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

8 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

8 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

8 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

8 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

1 year 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

1 year 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

1 year ago

A) USD 5 billion per day

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Mirta

1 year ago

B) USD 500 billion per day

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Alaine

1 year ago

A) USD 5 billion per day

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Danica

1 year 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

1 year 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

1 year ago

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

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Gayla

1 year ago

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

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Lizette

1 year ago

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

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Willie

1 year ago

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

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Edelmira

1 year ago

Yeah, that seems like the most likely answer.

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Vilma

1 year ago

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

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Curtis

1 year ago

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

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Esteban

1 year ago

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

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Serita

1 year ago

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

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Scarlet

1 year ago

C) USD 5 trillion per day

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Dierdre

1 year ago

That's a mind-blowing amount of money!

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Kanisha

1 year ago

D) USD 50 trillion per day

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Darell

1 year ago

C) USD 5 trillion per day

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Breana

1 year ago

B) USD 500 billion per day

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Gretchen

1 year ago

A) USD 5 billion per day

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