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CMSA (SPOT FOREIGN EXCHANGE) EXAM QUESTIONS AND ANSWERS WITH COMPLETE SOLUTIONS VERIFIED 100% GUARANTEED PASS

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CMSA (SPOT FOREIGN EXCHANGE) EXAM QUESTIONS AND ANSWERS WITH COMPLETE SOLUTIONS VERIFIED 100% GUARANTEED PASS Currency codes fall under ___ ISO code 4217 They are three letters long with the first two indicating the country and the last letter indicating the currency Ex. USD; GBP; CAD; THB A few exceptions Ex. IDR (Indonesian Rupiah) EUR (Euro) BRL (Brazilian Real) When looking at currency pairs, which is showed with the highest priority and least? In order from highest to least: Euro Pound Sterling Australian Dollar New Zealand Dollar United States Dollar Canadian Dollar Swiss Franc Japanese Yen Correct Quote: EUR/USD or EUR/JPY Incorrect Quote: USE/EUR or JPY/EUR What are the different groups of FX currencies? 1. Majors 2. Minors 3. Exotic or Emerging Currencies 4. Precious Metals Define Majors Feely traded in the spot and FX forward markets Ex. USD; EUR; JPY; GBP; CHF Define Minors These are commodity currencies or Scandinavian currencies Ex. Commodities

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CMSA (SPOT FOREIGN EXCHANGE) EXAM QUESTIONS

AND ANSWERS WITH COMPLETE SOLUTIONS VERIFIED

100% GUARANTEED PASS

Currency codes fall under ___


ISO code 4217



They are three letters long with the first two indicating the country and the last letter indicating the

currency

Ex. USD; GBP; CAD; THB



A few exceptions

Ex.

IDR (Indonesian Rupiah)

EUR (Euro)

BRL (Brazilian Real)


When looking at currency pairs, which is showed with the highest priority and least?


In order from highest to least:

Euro

Pound Sterling

, Australian Dollar

New Zealand Dollar

United States Dollar

Canadian Dollar

Swiss Franc

Japanese Yen



Correct Quote:

EUR/USD or EUR/JPY



Incorrect Quote:

USE/EUR or JPY/EUR


What are the different groups of FX currencies?


1. Majors

2. Minors

3. Exotic or Emerging Currencies

4. Precious Metals


Define Majors


Feely traded in the spot and FX forward markets



Ex. USD; EUR; JPY; GBP; CHF


Define Minors

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