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ICMA FMFQ Exam - Topic 4 Question 35 Discussion

Actual exam question for ICMA's FMFQ exam
Question #: 35
Topic #: 4
[All FMFQ Questions]

The price of a 3x6 FRA will be determined by reference to which of the following interest rates?

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Suggested Answer: B

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Yolande
4 months ago
Wait, are we sure about this? Sounds confusing!
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Herman
4 months ago
Really? I always thought it was the 6 month and 9 month rates.
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Shaniqua
5 months ago
No way, it's B for sure!
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Lonny
5 months ago
I thought it was the 3 month and 9 month rates?
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Teri
5 months ago
It's definitely the 3 month and 6 month rates!
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Loreta
5 months ago
I thought it was the 6 month and 9 month rates for some reason, so C seems plausible, but I need to double-check that.
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James
5 months ago
I'm not entirely sure, but I feel like the 3x6 FRA should reference the 3 month and 9 month rates, which makes me lean towards A.
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Franklyn
5 months ago
I remember practicing a question like this, and I think it was about the 3 month and 6 month rates, so B could be right.
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Ettie
5 months ago
I think the FRA pricing involves the rates at the start and end of the period, so maybe it's A?
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Paz
5 months ago
I'm a bit confused on this one. I know REST has some key principles like statelessness and caching, but I'm not sure how those map to the specific statements here. I'll have to review my notes before answering.
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Rolf
5 months ago
I remember studying about service models and I think the answer might be "utility" since it simplifies the design process.
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Sharika
5 months ago
Okay, let's think this through step-by-step. I need to set up a label that prevents file/email sharing, and associate that label with a rights management template. I think option A or C is the way to go.
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