ICMA
FMFQ
Q1:
Which of the following currencies uses an Act/365 day-count in its money market transactions?
○
A
UDS○
B
JPY○
C
EUR○
D
GBP
ICMA
FMFQ
Q2:
Where is the largest centre for FX trading?
○
A
London○
B
New York○
C
Singapore○
D
Hong Kong
ICMA
FMFQ
Q3:
You have just bought a USD 5,000,000 of a 3 month Commercial paper (91 days) qupted at a discount to yield of 4.5% (A/360). How much will you pay for this security?
○
A
Face value○
B
More than face value○
C
Less than face value○
D
Need more information
ICMA
FMFQ
Q4:
A customer wants to sell SEK and asks 4 banks for a rate. Which of the following would be the best rate for the customer?
○
A
6.5389○
B
6.5392○
C
6.5384○
D
6.6371
ICMA
FMFQ
Q5:
A company's share price fall below its net asset value. The company is then the subject of a takeover after which rather than being run as a going concern it is broken up and its assets sold to achieve maximum value. This is an example of which of the following strategies?
○
A
Leveraged investment○
B
Asset stripping○
C
Mergers & Acquisitions○
D
Leveraged buyout