Forex Market and Currency Pairs
Authored by David Turner
Business
12th Grade
Used 9+ times
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35 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does "Forex" stand for?
Foreign Exchange
Fortune Export
Forexctual Trading
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the primary purpose of the forex market?
Buying and selling stocks
Trading commodities
Trading currencies
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In forex trading, what is a currency pair?
A group of traders exchanging currency
Two currencies traded against each other
A pair of currency notes
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the base currency in the EUR/USD currency pair?
Euro (EUR)
United States Dollar (USD)
Both currencies are equal
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In the currency pair GBP/JPY, which currency is the quote currency?
British Pound (GBP)
Japanese Yen (JPY)
Both currencies have equal status
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a "pip" in forex trading?
A small seed
The smallest price movement in the forex market
A type of forex broker
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does "long" mean in forex trading?
The opposite of right
Buying a currency pair in anticipation of its price increasing
A trade that lasts for a very short time
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