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ICMA FMFQ Exam - Topic 6 Question 67 Discussion

Actual exam question for ICMA's FMFQ exam
Question #: 67
Topic #: 6
[All FMFQ Questions]

Which of the following statements in NOT true of money market products?

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Suggested Answer: C

by Derick at Sep 16, 2024, 09:08 PM

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Artie
5 months ago
I thought money market products were super safe, not sub-investment grade!
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Jamal
5 months ago
Yep, they can definitely include different credit risks.
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Mozell
5 months ago
Wait, are you saying they’re only from banks? That sounds off.
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Kindra
6 months ago
Totally agree, they can be issued by more than just banks!
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Ilona
6 months ago
Money market products usually have maturities under a year.
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Elza
6 months ago
I practiced a question like this before, and I think C is definitely the odd one out since corporations can issue money market products too.
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Arletta
6 months ago
I vaguely recall that money market products can cover a range of credit risks, which makes D sound right. But I’m uncertain if C is the one that's not true.
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Mindy
7 months ago
I remember studying that money market products can be interest bearing or discount instruments, so B should be true. But C is confusing because I thought only banks issued them.
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Wenona
7 months ago
I think money market products usually have short maturities, so A seems true. But I'm not sure about C; I feel like other entities issue them too.
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Mitsue
7 months ago
I'm feeling a little lost on this one. Can someone give me a quick refresher on the basics of money market products? I want to make sure I understand the key characteristics before trying to answer.
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Mitsue
7 months ago
Okay, I've got this. Money market products are short-term, typically less than a year to maturity, and can be either interest-bearing or discount instruments. They are issued by a range of entities, not just banks. I'll select the option that contradicts those facts.
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Shantay
7 months ago
Hmm, I'm a bit unsure about this one. The options seem pretty similar, so I'll need to carefully read through each statement to identify the one that is not true.
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Lavelle
7 months ago
This looks like a straightforward question on money market products. I'll start by reviewing what I know about the key characteristics of money market instruments.
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Catarina
2 years ago
Haha, I bet the people who wrote this question were having a field day coming up with these tricky options!
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Brent
1 year ago
C) Money market products are only issued by banks
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Van
2 years ago
B) Money market products can be either interest bearing or discount instruments
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Noel
2 years ago
A) Money market products are typically less than a year to maturity
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Stefany
2 years ago
I think Option D is the correct answer here. Money market products cover a wide range of credit risk, from the safest to the more speculative.
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Polly
1 year ago
Yes, it's important to understand the different levels of risk in money market products.
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Henriette
2 years ago
I didn't know that, thanks for sharing.
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Elbert
2 years ago
That's true, they can range from credit risk free to sub-investment grade.
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Letha
2 years ago
I agree, option D is correct. Money market products cover a range of credit risk.
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Leontine
2 years ago
Hmm, that makes sense. Thanks for sharing your perspective.
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Delbert
2 years ago
Option C is definitely not true. Money market products can be issued by a variety of institutions, not just banks.
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Marguerita
2 years ago
D) Money market products cover a range of credit risk from credit risk free to sub-investment grade
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Tawny
2 years ago
C) Money market products are only issued by banks
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Breana
2 years ago
B) Money market products can be either interest bearing or discount instruments
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Lisandra
2 years ago
A) Money market products are typically less than a year to maturity
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Mammie
2 years ago
I disagree, I believe the correct answer is D) Money market products cover a range of credit risk from credit risk free to sub-investment grade.
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Leontine
2 years ago
I think the answer is C) Money market products are only issued by banks.
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