7.4 FOREX MARKET

7.4 FOREX MARKET

University

8 Qs

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7.4 FOREX MARKET

7.4 FOREX MARKET

Assessment

Quiz

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University

Practice Problem

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8 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Foreign exchange market is the market in which national currencies are bought and sold against one another.

TRUE

FALSE

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Enabling international trade to be conducted using one common currency is an example of transfer of purchasing power.

TRUE

FALSE

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Foreign exchange market is a source of credit where exchange risk is transferred to another party who is willing to carry the risk.

TRUE

FALSE

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Central banks participate in foreign exchange market to facilitate international trade transactions on behalf of their customers.

TRUE

FALSE

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Arbitrager seeks to make profit from the price different of currencies in different markets.

TRUE

FALSE

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Forward contracts are used as a hedging mechanism in the trading of foreign currencies.

TRUE

FALSE

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Commercial banks circulate money and engage in a wide range of international financial transactions

TRUE

FALSE

8.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Letter of credit enables exporter to pay their purchases on credit to the banks.

TRUE

FALSE