ICMA Financial Markets Foundation Course - FMFC Exam Practice Test

A. 6 month rate and 18 month rate

B. 3 month rate and 9 month rate

C. 3 month rate and 6 month rate

D. 6 month rate and 9 month rate

A. Because the clearing house acts as a counterparty to all trades

B. Because the clearing house is allowed to run long and short positions

C. Because the contract terms are negotiable

D. Because the contract periods run consecutively

A. The highest rate at which wholesale banks are offering one another money at fixing time

B. The average rate at which wholesale bank deposits have taken place over the past 24 hours (since the last LIBOR fix)

C. The average rate at which wholesale banks have offered money to their customers over the past 24 hours (since the last LIBOR fix)

D. The average rate at which wholesale banks are offering one another money at fixing time

A. Clean price + trading commissions

B. The same as the clean price

C. Clean price + interest of the period from settlement until the next coupon payment date

D. Clean price + interest of the period from the last coupon payment date

A. Need more information

B. Its price will be above 100

C. Its price will be below 100

D. Its price will be 100