Forex Basics
Authored by Raquel Curtis
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Professional Development
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5 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the main purpose of Forex?
To invest in companies
To trade currencies
To buy and sell commodities
To speculate on stock prices
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
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
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In the EUR/USD currency pair, which currency is the base currency?
Euro
US Dollar
Japanese Yen
British Pound
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which currency pair reflects commodities and economic conditions in Australia?
EUR/USD
USD/JPY
GBP/USD
AUD/USD
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
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
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