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ICMA FMFC Actual Tests : Financial Markets Foundation Course

FMFC actual test

About Best ICMA FMFC Exam Practice Material

Walking into the FMFC exam cold is a risk you do not need to take. The Actual4test test engine simulates the real exam environment, letting you rehearse the ICMA Financial Markets Foundation Course experience with 50 timed practice questions.

ICMA FMFC Exam Overview:

Certification Vendor:ICMA (International Capital Market Association)
Exam Name:Financial Markets Foundation Course Exam
Exam Number:FMFC
Related Certifications:International Fixed Income and Derivatives (IFID) Certificate
ICMA Diploma in Securities and Derivatives
Primary Market Certificate (PMC)
Exam Price:Approx. 1,650 CHF / Course-inclusive
Exam Duration:90 minutes
Real Exam Qty:50
Available Languages:English
Passing Score:60% (30 out of 50)
Certificate Validity Period:Valid indefinitely
Exam Format:Multiple Choice Questions
Recommended Training:Official FMFC Course & Materials
Exam Registration:ICMA FMFC Registration
Sample Questions:ICMA FMFC Sample Questions
Exam Way:Onsite exam at end of 3-day instructor-led course
Pre Condition:No formal prerequisites; open to all levels
Official Syllabus URL:https://www.icmagroup.org/executive-education/courses/financial-markets-foundation-course-fmfc/

ICMA FMFC Exam Syllabus Topics:

SectionObjectives
Overview of Financial Markets and Participants- Financial Intermediation
  • 1. Investment theory
    • 2. Consumption, savings and investment
      • 3. Issuers, investors and intermediaries
        • 4. Capital raising
          - Securities and Markets
          • 1. Introduction to financial securities
            • 2. Exchanges
              • 3. OTC markets
                - Securities Operations Management
                • 1. Custody and corporate actions
                  • 2. Operational risk
                    • 3. Trade life-cycle
                      - Real Assets, Commodities and Foreign Exchange
                      • 1. Foreign exchange
                        • 2. Commodities
                          • 3. Real assets
                            Main Financial Securities and Products- Financial Derivatives
                            • 1. Forwards and futures
                              • 2. Options
                                - Equity Markets
                                • 1. Preferred stock
                                  • 2. Convertible bonds
                                    • 3. Common shares and valuation
                                      - Money Market
                                      • 1. Cash deposits and CDs
                                        • 2. Discount securities
                                          • 3. Repurchase agreements
                                            - Bond Markets
                                            • 1. Credit risk and spreads
                                              • 2. Floating rate notes
                                                • 3. Straight bonds and valuation
                                                  • 4. Inflation-linked bonds

                                                    ICMA Financial Markets Foundation Course: Your Questions, Answered

                                                    The FMFC exam (Financial Markets Foundation Course) is the official ICMA exam that leads to the Financial Markets Foundation Course Certificate certification, a credential at the Foundation level. Related certifications include International Fixed Income and Derivatives (IFID) Certificate, Primary Market Certificate (PMC), ICMA Diploma in Securities and Derivatives. Actual4test provides 50 practice questions to help you prepare for it with confidence.

                                                    The FMFC exam contains 50 questions and gives you 90 minutes to finish them. Before exam day, divide the total time by the question count so you know the pace you need to keep, and flag difficult items instead of getting stuck on them. Running at least one full timed session in the Actual4test test engine is the best way to make that time pressure feel familiar.

                                                    You need 60% (30 out of 50) to pass, and the official registration fee is Approx. 1,650 CHF / Course-inclusive. Keep in mind that a failed attempt means paying that fee in full again, so it pays to test yourself first. When your scores on the Actual4test timed practice tests stay consistently above the passing line, you are ready to book the exam.

                                                    No formal prerequisites; open to all levels Requirements can change over time, so always double-check the latest eligibility rules before you register on the official ICMA exam page.

                                                    You can book your exam through the official registration channels:

                                                    The exam is delivered in the following way: Onsite exam at end of 3-day instructor-led course.

                                                    ICMA recommends the following training options for this exam:

                                                    Official courses build the foundation, and the 50 FMFC practice questions from Actual4test help you turn that knowledge into exam-day performance.

                                                    Yes. Actual4test offers a free FMFC PDF demo so you can check the quality of the practice questions before purchasing. After you buy, your product comes with 365 days of free updates, and if it expires you can renew the update service at a 50% discount from your member zone.

                                                    Your purchase is protected by our 100% Money Back Guarantee. If you take the corresponding FMFC exam within 60 days of purchase and do not pass, send us a scan of your enrollment slip and the official Score Report PDF within two days of the exam, and the full refund will be processed within seven days. The candidate name must match the payer name; exams taken within three days of purchase, free materials, and expired orders are not eligible. If you would rather not refund, you can exchange your product for two free products of equal value and keep the update service on your original purchase. Delivery itself is instant: your material is available for download and is emailed to you within one minute of payment. If nothing arrives within two hours, contact our support team. There is no limit on how many computers you may install it on.

                                                    The FMFC syllabus is organized into 2 exam domains. Among the first three are Main Financial Securities and Products, Overview of Financial Markets and Participants. For the complete breakdown of topics and subtopics, see the Exam Topics section above.

                                                    ICMA Financial Markets Foundation Course Sample Questions:

                                                    Question 1

                                                    How is the yield curve normally represented?

                                                    A. Yield against term
                                                    B. Yield against coupon
                                                    C. Coupon against term
                                                    D. Yield against price


                                                    Question 2

                                                    One of the most contentious parts of the US Dodd-Franks Act is the restrictions placed on banks carrying trading positions. What is the name of the rule that deals with this?

                                                    A. Greenspan Rule
                                                    B. Bernanke Rule
                                                    C. VolckerRule
                                                    D. Yellan Rule


                                                    Question 3

                                                    When a rating agency is assessing a corporate bond rating/ which of the following will they take into consideration in giving their rating?

                                                    A. They consider probability of default but must always assume 100% loss
                                                    B. They assume all bonds will repay and so ignore the probability of default
                                                    C. They take into consideration both probability of default and specific severity of potential loss
                                                    D. They look at the severity of potential loss without considering the probability of default


                                                    Question 4

                                                    A spot FX trade would traditionally follow which of the following settlement conventions?

                                                    A. T + 1 day
                                                    B. T + 2 days
                                                    C. T + 3 days
                                                    D. Same day


                                                    Question 5

                                                    Futures contracts are described as fungible (i.e. each contract is the same as all others).
                                                    Why is this true?

                                                    A. Because the clearing house acts as a counterparty to all trades
                                                    B. Because the contract terms are negotiable
                                                    C. Because the contract periods run consecutively
                                                    D. Because the clearing house is allowed to run long and short positions


                                                    Solutions:

                                                    Question 1
                                                    Answer: A
                                                    Question 2
                                                    Answer: C
                                                    Question 3
                                                    Answer: C
                                                    Question 4
                                                    Answer: B
                                                    Question 5
                                                    Answer: A

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