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Forex Market and Currency Pairs

Authored by David Turner

Business

12th Grade

35 Questions

Used 9+ times

Forex Market and Currency Pairs
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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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