FOREX

When is the forex market open?

• Everyday

• 5 days a week, 12 hours a day

• 5 days a week, 24 hours a day

• 4 days a week, 24 hours a day

If you have been out of the country and went to another country using their money, you have participated in the Foreign Exchange.

• True

• False

What is the exchange rate?

• The amount of money that is charged for having an account.

• The rate for which the country decides they deserve for their money

• The rate buyers pay in order to exchange their currency for different currency

• The rate that you pay to go into the country

What play the greatest part in what the exchange rate is?

• Political situations between countries

• The Dow Jones

• the overall health of a country

• Supply and Demand

If there is a high demand for a currency, the rate will____:

• increase

• decrease

If the demand is low for a currency then the rate will _____.

• Increase

• Decrease

What exchange does the most trading volume

• New York Stock Exchange

• Tokyo Stock Exchange

• London Stock Exchange

• Forex Market

What is the daily trading volume of the Forex Market?

• 7.2 Billion

• 22.4 Billion

• 5.3 Trillion

• 5.3 Billion

How do you profit in the Forex Market?

• You buy a currency when it is low hold it till it's rate increases and sell it for a profit.

• You wait till the demand is high and buy the currency then sell it when there is a large supply.

• Buy currencies where the country is having big problems and wait for them to get better then sell.

• It's all about the timing. You buy a currency and then wait until midnight to sell it.

If a government wants to increase the value of its currency, they can

• not use the interest rate to reach this goal

• decrease the interest rate

• increase the interest rate