TH » Test: What is Forex?

Test: What is Forex?

Question 01: Which comparison is closest to the principle of the Forex market?

a) To a typical market

b) To an airport

c) To a bank

d) To a currency exchange

Question 02: What was the original purpose of creating the Forex market?

a) To enable people to exchange money

b) For trading on a large scale in macroeconomic terms

c) For the sake of profiting from speculation

Question 03: If a US company wants to buy goods from a UK company, what operation will it perform on the Forex market?

a) Sell pound sterling, receiving US dollars in return

b) Buy goods with US dollars

c) Sell goods to buy pound sterling

d) Buy pound sterling with US dollars

Question 04: The value of a currency will fall if:

a) Demand increases

b) Supply increases

c) Supply decreases

Question 05: What are the organizations called that allow trading on the Forex market?

a) Pokers

b) Walkers

c) Brokers

d) Rackets

Question 06: What can be considered an advantage of trading on Forex online?

a) You can trade from anywhere if you are connected to the Internet

b) You don't need a large budget to start trading

c) You can trade at any time on weekdays

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