FMFC Preparation Material
Pass your FMFC Certification Test easily in first try with our provided demo questions answers and full training kits prepared by the experts and professionals. For more info please visit here: http://www.testsexpert.com/FMFC.html
Pass your FMFC Certification Test easily in first try with our provided demo questions answers and full training kits prepared by the experts and professionals. For more info please visit here: http://www.testsexpert.com/FMFC.html
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ICMA<br />
<strong>FMFC</strong><br />
Financial Markets Foundation Course<br />
Product Version<br />
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Verified Answers by Experts<br />
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Question: 1<br />
You have just bought a USD 5,000,000 of a 3 month Commercial paper (91 days) qupted at a discount to<br />
yield of 4.5% (A/360). How much will you pay for this security?<br />
A. Face value<br />
B. More than face value<br />
C. Less than face value<br />
D. Need more information<br />
Question: 2<br />
Answer: C<br />
Which of the following statements is true of dividend payments in the equity market?<br />
A. All equities pay dividends<br />
B. Dividend rates are pre-determined at the launch of the equity<br />
C. Management determines the level of dividend payment in each period<br />
D. If a company does not pay a dividend one year then this skipped dividend becomes a liability on the<br />
company's balance sheet<br />
Question: 3<br />
Answer: C<br />
A spot FX trade would traditionally follow which of the following settlement conventions?<br />
A. Same day<br />
B. T + 1 day<br />
C. T + 2 days<br />
D. T + 3 days<br />
Question: 4<br />
Answer: C<br />
Which money market instrument is supported in the secondary market by primary dealers?<br />
A. Deposits<br />
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B. Commercial paper<br />
C. T-bill<br />
D. Corporate bond<br />
Answer: C<br />
Question: 5<br />
As a company moves through its industry lifecycle, toward maturity, how is this most likely to affect an<br />
equity analyst's perception of its growth rate for equity valuation?<br />
A. Analysts do not consider a growth rate in equity valuation<br />
B. It will have no impact<br />
C. It is likely to increase the expected growth rate<br />
D. It is likely to decrease the expected growth rate<br />
Question: 6<br />
Answer: D<br />
Facilitating a movement of funds directly from lenders to borrowers is a definition of which the<br />
following?<br />
A. Credit banking<br />
B. Disintermediation<br />
C. Leveraged finance<br />
D. Private banking<br />
Question: 7<br />
Answer: B<br />
What type of bond is a "Yankee" bond?<br />
A. Government bond<br />
B. Eurobond<br />
C. Domestic foreign bond<br />
D. Global bond<br />
Answer: C<br />
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Question: 8<br />
Which of the following is NOT a vlue-weighted index?<br />
A. S&P 500<br />
B. FTSE10C0<br />
C. CAC40<br />
D. DJIA<br />
Answer: D<br />
Question: 9<br />
Which of the following is not a factor in determining a fair value forward fx price?<br />
A. Spot rate<br />
B. Interest in the base currency<br />
C. Interest rate in the quoted currency<br />
D. View on where rates will be at the forward date<br />
Answer: D<br />
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