Forex Basics

What is the main purpose of Forex?

• To invest in companies

• To trade currencies

• To buy and sell commodities

• To speculate on stock prices

What does a currency pair consist of?

• Two base currencies

• Two quote currencies

• A base currency and a quote currency

• A major currency and a minor currency

In the EUR/USD currency pair, which currency is the base currency?

• Euro

• US Dollar

• Japanese Yen

• British Pound

Which currency pair reflects commodities and economic conditions in Australia?

• EUR/USD

• USD/JPY

• GBP/USD

• AUD/USD

What influences the USD/CAD currency pair?

• Oil prices and economic factors in the United States

• Global economic events

• Commodities and economic conditions in Australia

• Frequent price movements