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ICMA FMFQ Exam - Topic 4 Question 44 Discussion

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

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

Suggested Answer: D

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19 comments · newest first
MA
Magda 11 months ago
Just checked, GBP is definitely the right answer!
JA
Jamal 11 months ago
Wait, are we sure about EUR? Seems off to me.
JA
Janna 12 months ago
I thought JPY was also on Act/365?
ED
Edelmira 12 months ago
Totally agree, it's a standard practice!
ER
Erick 1 year ago
GBP uses Act/365 for money market transactions.
BR
Brigette 1 year ago
I recall that USD typically uses Act/360, so I don't think it's that one.
RO
Royal 1 year ago
I’m a bit confused; I thought EUR also used Act/365, but I could be mixing it up with another currency.
MA
Marcos 1 year ago
I practiced a similar question last week, and I believe JPY might be the one that uses Act/365.
ED
Eden 1 year ago
I think I remember that the GBP uses Act/365, but I'm not entirely sure.
AR
Arlette 1 year 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.
CH
Chaya 1 year 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.
TR
Truman 1 year 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.
CA
Carisa 1 year ago
Hmm, I think I remember learning about day-count conventions in my finance class. Let me think this through carefully.
MA
Mammie 1 year 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.
GL
Gladis 1 year 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.
NA
Natalie 1 year 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.
LA
Larae 1 year 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.
BU
Buck 1 year ago
I think they are typically sold in higher denominations, like $100,000, but I need to double-check that specific detail.
CH
Chandra 1 year 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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