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WorksheetsFOREX
Total questions: 20
Worksheet time: 12mins
When is the forex market open?
Everyday
5 days a week, 12 hours a day
5 days a week, 24 hours a day
4 days a week, 24 hours a day
If you have been out of the country and went to another country using their money, you have participated in the Foreign Exchange.
True
False
What is the exchange rate?
The amount of money that is charged for having an account.
The rate for which the country decides they deserve for their money
The rate buyers pay in order to exchange their currency for different currency
The rate that you pay to go into the country
What play the greatest part in what the exchange rate is?
Political situations between countries
The Dow Jones
the overall health of a country
Supply and Demand
If there is a high demand for a currency, the rate will____:
increase
decrease
If the demand is low for a currency then the rate will _____.
Increase
Decrease
What exchange does the most trading volume
New York Stock Exchange
Tokyo Stock Exchange
London Stock Exchange
Forex Market
What is the daily trading volume of the Forex Market?
7.2 Billion
22.4 Billion
5.3 Trillion
5.3 Billion
How do you profit in the Forex Market?
You buy a currency when it is low hold it till it's rate increases and sell it for a profit.
You wait till the demand is high and buy the currency then sell it when there is a large supply.
Buy currencies where the country is having big problems and wait for them to get better then sell.
It's all about the timing. You buy a currency and then wait until midnight to sell it.
If a government wants to increase the value of its currency, they can
not use the interest rate to reach this goal
decrease the interest rate
increase the interest rate
High supply causes _______ prices.
high
low
High demand causes _______ prices.
high
low
When there is a scarce supply of a given commodity, prices should _______.
rise
fall
FOREX RATE is
Domestic currency
Value of domestic currency in terms of foreign currency
foreign currency
What is Foreign Exchange Market?
a place where corporation and government can raise fund
a market for converting currency of one country into another country
trading of instrument by an exchange of securities
The purpose of the Forex market is to encourage international investment and trade.
False
True
In the foreign exchange market for the Mexican peso, which of the following would best describe the exchange rate for the peso?
a. The interest rate earned from saving pesos
b. The price of a peso in terms of some other currency
c. The price of a good in Mexico in terms of another goods in Mexico
d.The price of a peso in terms of pesos
Select all of the following that will be impacted by a change in exchange rates:
Prices of exports
Costs of imports
Competiveness
None of the answers
