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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?

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Suggested Answer: D

by Daryl at Jul 02, 2024, 01:03 PM

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Florinda
4 days ago
Hmm, this seems straightforward. I'll need to compare the rates and pick the best one for the customer.
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Davida
6 days ago
Hmm, this one seems tricky. I'll need to think it through carefully.
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Angelyn
10 days ago
I've got this! The question is asking me to determine if the statement about the Huawei VC/TP solution architecture is true or false. I'll carefully review the details provided and make my decision.
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Marti
12 days ago
This question seems straightforward enough. If Service B is the trusted subsystem handling the authorization, then Service A can't bypass that and become a victim. I'll mark True and move on.
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Edison
13 days ago
Hmm, I'm a bit unsure about this one. I know high context cultures value relationships, but I'm not sure how the other options fit in. I'll need to think it through carefully.
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Jerry
5 months 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!
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Lamar
3 months ago
Customer: I'll go with Bank B, 6.5392.
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Dorethea
3 months ago
Bank D: Our rate is 6.6371.
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Janine
3 months ago
Bank C: Our rate is 6.5384.
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Tamala
4 months ago
Bank B: Our rate is 6.5392.
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Justine
4 months ago
Bank A: Our rate is 6.5389.
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Jerrod
5 months 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.
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Marla
3 months ago
Customer: I'll go with C, thanks!
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Cherry
3 months ago
Bank D: We can exchange at 6.6371
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Howard
3 months ago
Bank C: Our rate is 6.5384
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Mauricio
3 months ago
Bank B: We offer 6.5392
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Wynell
4 months ago
Bank A: Our rate is 6.5389
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My
5 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.
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Shawana
4 months ago
User 3: I'm not sure, I think option D) 6.6371 might actually be better. Let's double-check.
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Claribel
4 months ago
User 2: I agree, that rate seems the most favorable compared to the other options.
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Andra
4 months ago
User 1: I think the best rate for the customer would be option B) 6.5392.
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Tiffiny
4 months ago
User 3: I'm not sure, but I think option A) 6.5389 might be the best rate for the customer.
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Tasia
5 months ago
User 2: I disagree, I believe option D) 6.6371 would be the best rate for the customer.
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Tresa
5 months ago
User 1: I think the best rate for the customer would be option B) 6.5392.
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Leatha
5 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.
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Fredric
6 months ago
Wow, this is a tough one! I need to make sure I understand the concept of exchange rates before tackling this question.
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Sabina
5 months ago
B) 6.5392
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Lynna
5 months ago
A) 6.5389
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Elenor
6 months ago
That's a good point, Kristel. The customer would get more SEK for their currency with option D).
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Kristel
6 months ago
I disagree, I believe option D) 6.6371 would be the best rate because it is the highest.
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Elenor
6 months ago
I think the best rate for the customer would be option B) 6.5392.
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