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ICMA FMFQ Exam - Topic 4 Question 44 Discussion

Which of the following currencies uses an Act/365 day-count in its money market transactions?
D) GBP
A) UDS
B) JPY
C) EUR

ICMA FMFQ Exam - Topic 4 Question 44 Discussion

Actual exam question for ICMA's FMFQ exam
Question #: 44
Topic #: 4
[All FMFQ Questions]

Which of the following currencies uses an Act/365 day-count in its money market transactions?

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Suggested Answer: D

by Sabra at Oct 03, 2023, 07:22 AM

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Magda
10 months ago
Just checked, GBP is definitely the right answer!
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Jamal
10 months ago
Wait, are we sure about EUR? Seems off to me.
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Janna
10 months ago
I thought JPY was also on Act/365?
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Edelmira
10 months ago
Totally agree, it's a standard practice!
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Erick
11 months ago
GBP uses Act/365 for money market transactions.
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Brigette
11 months ago
I recall that USD typically uses Act/360, so I don't think it's that one.
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Royal
11 months ago
I’m a bit confused; I thought EUR also used Act/365, but I could be mixing it up with another currency.
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Marcos
11 months ago
I practiced a similar question last week, and I believe JPY might be the one that uses Act/365.
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Eden
11 months ago
I think I remember that the GBP uses Act/365, but I'm not entirely sure.
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Arlette
11 months ago
I've got this! The Act/365 day-count is commonly used in GBP money market transactions. I'm confident that's the right answer.
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Chaya
11 months ago
I'm a bit unsure about this one. Day-count conventions can be tricky, and I don't want to guess blindly. I'll need to think it through step-by-step.
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Truman
11 months ago
Okay, this seems like a straightforward question about money market transactions. I'll need to recall the different day-count conventions used in various currencies.
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Carisa
11 months ago
Hmm, I think I remember learning about day-count conventions in my finance class. Let me think this through carefully.
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Mammie
12 months ago
Alright, let me break this down step-by-step. The control plane and data plane are the key ones that get converged in NSX-T. I'll select those two.
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Gladis
12 months ago
Hmm, I'm a bit unsure about this one. The options seem a bit different from what I remember learning. Let me think this through carefully.
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Natalie
12 months ago
This is straightforward - for an inter-AS VPRN, PE1 will push 3 labels: the inner VPN label, the BGP label, and the transport label. I'm confident in that answer.
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Larae
12 months ago
Okay, let's see. The phenytoin level is 17.8, and the normal range is typically 10-20 mcg/mL. So based on that, I think the phenytoin level is within normal limits.
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Buck
12 months ago
I think they are typically sold in higher denominations, like $100,000, but I need to double-check that specific detail.
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Chandra
12 months ago
Hmm, I'm a bit unsure about this one. The options cover a few different potential problems, but I'm not totally confident I understand the nuances between them. I'll have to think this through carefully.
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