ICMA Exam FMFQ Topic 6 Question 79 Discussion

Actual exam question for ICMA's FMFQ exam

Question #: 79
Topic #: 6

[All FMFQ Questions]

You have asked a bank to give you a rate at which you can sell SEK (Sweish Krone) and buy NOK (Norwegian Krone) for delivery in two days. What is the name of this sort of FX rate?

AQuote rate

BCross rate

CForward rate

DDual rate

Show Suggested Answer

Suggested Answer: B

by Margo at Apr 08, 2025, 09:18 AM

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Gretchen

5 days ago

C) Forward rate seems like the right answer here. We're talking about a future delivery, so that makes sense.

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Arlette

14 days ago

I think the answer is B) Cross rate. That's the most logical choice for exchanging between two currencies like SEK and NOK.

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Alaine

25 days ago

I'm not sure, but I think it might be C) Forward rate, since it's for delivery in two days.

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Nadine

27 days ago

I agree with Elinore, because it involves two different currencies.

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Elinore

1 months ago

I think the answer is B) Cross rate.

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