ICMA Exam FMFQ Topic 5 Question 65 Discussion

Actual exam question for ICMA's FMFQ exam

Question #: 65
Topic #: 5

[All FMFQ Questions]

CHIPS is the payment system for which currency?

AGBP

BUSD

CEURO

DCHF

Show Suggested Answer

Suggested Answer: C

by Kristeen at Sep 08, 2024, 09:35 AM

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Barb

3 days ago

I'm pretty sure CHIPS is the payment system for the US dollar, so I'll go with B.

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Christoper

15 days ago

Okay, I've got an idea. Decentralizing a procedure to prevent a complete loss at one location - that sounds like "risk diffusion" to me. I'm going to go with option A.

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Shayne

5 months ago

Wait, CHIPS is a payment system? I thought it was just a way to measure the crunchiness of my potato snacks. Color me surprised!

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Giovanna

4 months ago

C) EURO

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Dahlia

5 months ago

B) USD

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Elliot

5 months ago

A) GBP

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6 months ago

C'mon, it's gotta be the Euro! I mean, who doesn't love a good ol' game of 'Chip and Pin' while in Europe?

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Lachelle

5 months ago

Yeah, 'Chip and Pin' is pretty popular in Europe.

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Alaine

5 months ago

I think you're right, it's definitely the Euro.

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Derick

6 months ago

Hmm, let's see... CHIPS, huh? I'm guessing it's got to be USD, since that's the currency used in the land of the free and the home of the deep-fried deliciousness.

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Leatha

6 months ago

I believe it's EURO.

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6 months ago

I think it's GBP.

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