Forex Trading Quiz

Forex Trading Quiz

5 Qs

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Forex Trading Quiz

Forex Trading Quiz

Assessment

Quiz

Social Studies

Practice Problem

Medium

Created by

Shondale Pagano

Used 3+ times

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5 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does forex stand for?

Foreign Exchange

Financial Exchange

Foreign Expansion

Foreign Export

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How do companies affect exchange rates when they exchange huge amounts of currency?

Stabilize the price

Have no impact on the price

Increase the price

Decrease the price

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How can individuals profit from currency exchange rate movements?

By holding onto the same currency forever

By avoiding currency exchange altogether

By exchanging currencies frequently

By trading in the forex market

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a benefit of trading forex online with a broker?

Need for physical presence at a trading center

Ability to trade from anywhere with an internet connection

High starting budget requirement

Limited trading hours

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the minimum budget required to start trading forex online?

$100

$200

$50

$150