Interns - Week One - August

40 Questions | Attempts: 40
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  • 1/40 Questions

    What was the impact of 'Brexit' on GBP/USD on the 24th June 2016?

    • It went up because of Pound strength
    • It went up because of Dollar weakness
    • It went down because of Pound weakness
    • No reaction
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  • 2. 

    Who just won the French Elections?

    • Marine Le Pen

    • Francios Fillon

    • Francios Hollande

    • Emmanuel Macron

    Correct Answer
    A. Emmanuel Macron
  • 3. 

    What is the inflation target for the majority of major developed countries?

    • 0.5%

    • 1%

    • 2%

    • 1.5%

    Correct Answer
    A. 2%
  • 4. 

    A 'Hawk' is someone who prefers low rates? True or False?

    • False

    • True

    Correct Answer
    A. False
    Explanation
    Those who support higher rates are hawks, while those who favour lower interest rates are labelled doves.

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  • 5. 

    Which is the 2nd biggest economy in the world?

    • China

    • United Kingdom

    • Japan

    • The United States

    Correct Answer
    A. China
  • 6. 

    A solid green line all the way across the Trading Ladder signifies the high of the day (HOD), what does a solid red line all the way across that ladder signify?

    • Moving Average

    • Resistance Level

    • Low of the Day

    Correct Answer
    A. Low of the Day
  • 7. 
    What was the reason for the large move here in GBP/USD? - ProProfs

    What was the reason for the large move here in GBP/USD?

    • September FED meeting

    • Brexit

    • Non-fam Payrolls

    • David Cameron's resignation

    Correct Answer
    A. Brexit
  • 8. 

    What are the Fibonacci percentage levels between 0% and 100%?

    • 23.6, 38.2, 50, 61.8 and 76.4

    • 22.4, 31.8, 50, 68.2 and 79.5

    • 25, 50, 75

    Correct Answer
    A. 23.6, 38.2, 50, 61.8 and 76.4
  • 9. 

    What is the relationship between Bond Yield and Price?

    • Positively correlated

    • Negatively correlated

    • No correlated

    Correct Answer
    A. Negatively correlated
    Explanation
    When price goes up, the yield goes down and vise versa.

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  • 10. 

    There is a 'Risk On - Risk Off' relationship between the S&P 500 and the US 10-year government bond

    • Yes

    • No

    Correct Answer
    A. Yes
  • 11. 

    What currency from the list below will have a positive correlation with Oil?

    • Canadian Dollar

    • Japanese Yen

    • British Pound

    Correct Answer
    A. Canadian Dollar
  • 12. 

    Which of the below are US Equity markets?

    • FTSE 100

    • NASDAQ

    • DAX 30

    • NIKKEI 225

    • S&P 500

    • DOW JONES

    • GOLD

    Correct Answer(s)
    A. NASDAQ
    A. S&P 500
    A. DOW JONES
  • 13. 

    Is Oil price nearer to $50 or $40?

    • $50

    • $40

    Correct Answer
    A. $50
  • 14. 

    In which year did the FED last raise interest rates?

    • 2017

    • 2002

    • 2016

    • 2015

    Correct Answer
    A. 2017
  • 15. 

    Out of the following - which Moving Average gives more weight to the latest data

    • Simple Moving Average

    • Linear Weighted Moving Average

    • Exponential Moving Average

    Correct Answer
    A. Exponential Moving Average
  • 16. 

    Should you always use a 'Stop Loss'?

    • Only when trading the news

    • Only when you have gone long in the market

    • Only if you hold the trade overnight

    • Yes

    Correct Answer
    A. Yes
    Explanation
    Always use a stop loss. It makes absolutely no sense not to use one. It protects you from incurring massive losses! Do not trade without one

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  • 17. 

    If European Inflation Data came in a lot WORSE than expected what would you expect to see in EURUSD?

    • Up because of Euro strength

    • Down because of Euro Strength

    • Up because of Euro weakness

    • Down because of Euro weakness

    Correct Answer
    A. Down because of Euro weakness
  • 18. 

    Article 50 allows up to how many years of negotiations for post-exit terms?

    • 6 months

    • 2 years

    • 1 year

    • 1.5 years

    Correct Answer
    A. 2 years
    Explanation
    After this period, the exiting country's relationship with the EU defaults to WTO rules, unless remaining member states unanimously agree to extend the negotiation period.

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  • 19. 

    Which statement is true about the 'Classic Trade'

    • When entering the 'Classic', you enter just before the level breaks

    • When entering the 'Classic', you wait for the level to break and then retrace back into the zone before getting in

    • As soon as the level breaks you enter

    Correct Answer
    A. When entering the 'Classic', you wait for the level to break and then retrace back into the zone before getting in
  • 20. 
    What could be the two reasons for the move lower in EUR/USD circled here? - ProProfs

    What could be the two reasons for the move lower in EUR/USD circled here?

    • Better than expected Euro data

    • Worse than expected US data

    • Better than expected US data

    • Worse than expected Euro data

    Correct Answer(s)
    A. Better than expected US data
    A. Worse than expected Euro data
  • 21. 

    When volume is low, the market is more likely to be in a ranging or momentum market?

    • Ranging

    • Momentum

    Correct Answer
    A. Ranging
  • 22. 

    Select the correct statements from below about Support and Resistance

    • Support is an area in the market where there have been more buyers than sellers

    • Resistance is an area in the market where there have been more buyers than sellers

    • Resistance is an area in the market where there have been more sellers than buyers

    • Support is an area in the market where there have been more sellers than buyers

    • When an area of Support is broken it turns into Resistance

    • When an area of Resistance is broken it turns into Support

    Correct Answer(s)
    A. Support is an area in the market where there have been more buyers than sellers
    A. Resistance is an area in the market where there have been more sellers than buyers
    A. When an area of Support is broken it turns into Resistance
    A. When an area of Resistance is broken it turns into Support
  • 23. 

    Select four of the following that are considered 'safe haven' products. 

    • Gold

    • Swiss Franc

    • Oil

    • Pound

    • Euro

    • Japanese Yen

    • US 10-year Government Bonds

    • S&P 500

    Correct Answer(s)
    A. Gold
    A. Swiss Franc
    A. Japanese Yen
    A. US 10-year Government Bonds
  • 24. 

    Select the 'Safe Haven' products from the list below

    • Gold

    • T-Notes

    • Yen

    • S&P 500

    • Dow Jones

    • Nasdaq

    • Euro

    Correct Answer(s)
    A. Gold
    A. T-Notes
    A. Yen
  • 25. 

    A Trend Line has to touch how many points?

    • 1

    • 2

    • 3

    Correct Answer
    A. 3
    Explanation
    Remember a trend will be stronger on a longer time-frame, Minimum 3 touches required

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  • 26. 

    A central bank says they will do a full scale Quantitative Easing programme. Which one of these following reactions is correct?

    • Currency Up, Bonds Up and Equities Down

    • Currency Up, Bonds Up and Equities Up

    • Currency Down, Bonds Down and Equities Down

    • Currency Down, Bonds Up and Equities Up

    • Currency Up, Bonds Down and Equities Up

    Correct Answer
    A. Currency Down, Bonds Up and Equities Up
  • 27. 

    Which statement is true about Prospect Theory?

    • A trader is conscious of the equal value of money over time

    • A trader will let profits run and book losses early

    • A trader's satisfaction in response to profits is on a diminishing scale

    • Losses are felt to the same degree as gains

    Correct Answer
    A. A trader's satisfaction in response to profits is on a diminishing scale
  • 28. 

    The Eurozone Central Bank is running their Quantitative Easing programme until when?

    • December 2018

    • August 2017

    • December 2017

    • March 2018

    Correct Answer
    A. December 2017
  • 29. 

    Which of these is not a Central Bank Monetary Policy Tool?

    • Interest Rates

    • Communication

    • Quantitative Easing

    • Fiscal Policy

    Correct Answer
    A. Fiscal Policy
  • 30. 

    Often when we receive economic data, a number of figures are released in quick succession. Traders will be required to absorb large amounts of information and this can affect a trader's ability to react. In such cases as these, tick TWO of the following options which best reflect the correct trading procedure

    • Ignore prior movement

    • Wait until all data is released

    • Decide on which figure has the most importance

    • Trade the first figure

    Correct Answer(s)
    A. Wait until all data is released
    A. Decide on which figure has the most importance
  • 31. 

    What reaction would you expect to see in Oil if both eur/usd and gbp/usd go down due to large dollar strength?

    • Oil would decrease in price

    • Oil would increase in price

    • Very little reaction

    Correct Answer
    A. Oil would decrease in price
    Explanation
    Oil price would deprecate in value due to the fact that you would now need less US dollars to buy the same amount of Oil.

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  • 32. 

    Is Janet Yellen a Dove or a Hawk?

    • Dove

    • Hawk

    Correct Answer
    A. Dove
  • 33. 

    Stops and Targets will go on the same side of the ladder?

    • True

    • False

    Correct Answer
    A. True
  • 34. 

    Which one of these statements is not correct?

    • US 10-Year cash market open is 1:20pm

    • US equity cash market open is at 2:30pm (Unless clocks change in the UK)

    • Volume in Oil increases on average after 2pm

    • Futures close at 5pm

    Correct Answer
    A. Futures close at 5pm
    Explanation
    An exchange matrix will be sent to you after this exam. It is important to be aware of all of the ones that you trade.

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  • 35. 

    What is correct in regards to counter trending? Tick two.

    • Traders should only hold the trade for a short period of time, as the trend is likely to continue

    • Traders should never counter trend

    • Traders should be aware of going against the majority and that there is higher risk

    • Traders can only counter trend in ranging markets

    Correct Answer(s)
    A. Traders should only hold the trade for a short period of time, as the trend is likely to continue
    A. Traders should be aware of going against the majority and that there is higher risk
  • 36. 

    For the majority of 2017 - The Dollar has been strengthening or weakening?

    • Strenghtening

    • Weakening

    Correct Answer
    A. Weakening
  • 37. 

    In terms of a widespread global economic recession would the USD appreciate or depreciate in value against most other currencies?

    • Minimal effect

    • Appreciate

    • Depreciate

    Correct Answer
    A. Appreciate
    Explanation
    Due to the safe haven status of the Dollar - it would lead to people putting their money into the currency. Other safe havens at the moment include Gold, Japanese Yen and US 10-year Government bonds

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  • 38. 

    Should you pay any attention to previous day's Pivot Points?

    • Yes

    • No

    • Only if they are close to where market is trading

    Correct Answer
    A. No
    Explanation
    Yesterday's and previous days Pivot Points have no relevance to today's market movement.

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Quiz Review Timeline (Updated): Mar 20, 2022 +

Our quizzes are rigorously reviewed, monitored and continuously updated by our expert board to maintain accuracy, relevance, and timeliness.

  • Current Version
  • Mar 20, 2022
    Quiz Edited by
    ProProfs Editorial Team
  • Aug 21, 2017
    Quiz Created by
    Catherine Halcomb
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