Deal of The Day! Hurry Up, Grab the Special Discount - Save 25% - Ends In 00:00:00 Coupon code: SAVE25

- Free Preparation Discussions

ICMA Exam FMFQ Topic 2 Question 60 Discussion

Actual exam question for ICMA's FMFQ exam

Question #: 60
Topic #: 2

[All FMFQ Questions]

A customer wants to sell SEK and asks 4 banks for a rate. Which of the following would be the best rate for the customer?

A6.5389

B6.5392

C6.5384

D6.6371

Show Suggested Answer

Suggested Answer: D

by Daryl at Jul 02, 2024, 12:03 PM

Limited Time Offer

25%

Off

Get Premium FMFQ Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel

Jerry

16 days ago

Oh, I know this one! The best rate for the customer is the one that will give them the most for their SEK. That would be B, 6.5392. Time to ace this exam!

upvoted 0 times

...

Jerrod

18 days ago

Wait, is this a trick question? What if the customer is actually a vampire and the best rate is the one that will let them exchange SEK for blood? Just kidding, I'm going with C.

upvoted 0 times

...

My

1 months ago

Hmm, I'm not sure about this. It seems like the answer could be different depending on whether the customer is buying or selling SEK. I better double-check my understanding.

upvoted 0 times

Andra

2 days ago

User 1: I think the best rate for the customer would be option B) 6.5392.

upvoted 0 times

...

Tiffiny

8 days ago

User 3: I'm not sure, but I think option A) 6.5389 might be the best rate for the customer.

upvoted 0 times

...

Tasia

13 days ago

User 2: I disagree, I believe option D) 6.6371 would be the best rate for the customer.

upvoted 0 times

...

Tresa

19 days ago

User 1: I think the best rate for the customer would be option B) 6.5392.

upvoted 0 times

...

...

Leatha

1 months ago

Okay, let's think this through. The customer wants to sell SEK, so the best rate would be the highest one, right? I'm going with B.

upvoted 0 times

...

Fredric

2 months ago

Wow, this is a tough one! I need to make sure I understand the concept of exchange rates before tackling this question.

upvoted 0 times

Sabina

15 days ago

B) 6.5392

upvoted 0 times

...

Lynna

16 days ago

A) 6.5389

upvoted 0 times

...

...

Elenor

2 months ago

That's a good point, Kristel. The customer would get more SEK for their currency with option D).

upvoted 0 times

...

Kristel

2 months ago

I disagree, I believe option D) 6.6371 would be the best rate because it is the highest.

upvoted 0 times

...

Elenor

2 months ago

I think the best rate for the customer would be option B) 6.5392.

upvoted 0 times

...