What Is Forex? Quiz

What is forex trading?

• The exchange of goods and services between countries

• The exchange of one type of currency for another

• The buying and selling of stocks and bonds

• The trading of commodities such as gold and oil

How are currencies traded in the forex market?

• In groups of four

• In pairs

• Individually

• In groups of three

What causes currency values to fluctuate in the forex market?

• Weather patterns

• Economic, political, and environmental factors

• Celebrity endorsements

• Social media trends

What is the trading schedule of the forex market?

• 24 hours a day, 5 days a week

• 12 hours a day, 5 days a week

• 24 hours a day, 7 days a week

• 8 hours a day, 7 days a week

Why are there many opportunities for traders in the forex market?

• Due to the limited number of currencies being traded

• Because it is a centralized market

• Due to the lack of economic and political factors affecting currency values

• Because it is a global, decentralized market