Yaahub - Introduction To Forex Market

20 Questions

Settings
Please wait...
Yaahub - Introduction To Forex Market


Questions and Answers
  • 1. 
    What is the Full abbreviation for FX ?
    • A. 

      Foreign Exchange

    • B. 

      Fall of exchange

    • C. 

      Federal Exchange

    • D. 

      Not Applicable

  • 2. 
    What does USD stands for?
    • A. 

      United States Dollar

    • B. 

      Union Statue Dollars

    • C. 

      United Symbol Dollar

    • D. 

      Urban State Development

  • 3. 
    Pip stands for ?
    • A. 

      Point interface protocol

    • B. 

      Percentage in point

    • C. 

      Percentage in profit

    • D. 

      Profit in percentage

  • 4. 
    Cable, sterling, pound - alternative names for 
    • A. 

      USD

    • B. 

      JPY

    • C. 

      GBP

    • D. 

      INR

  • 5. 
    Greenback, buck - nicknames for the
    • A. 

      USD

    • B. 

      NZD

    • C. 

      CAD

    • D. 

      GBP

  • 6. 
    Swissie - nickname for the
    • A. 

      USD

    • B. 

      CHF

    • C. 

      AUD

    • D. 

      JPY

  • 7. 
     Loonie, the little dollar - nicknames for the
    • A. 

      CAD

    • B. 

      USD

    • C. 

      JPY

    • D. 

      AED

  • 8. 
    What does MT4.0 stands for ?
    • A. 

      Meet Trade

    • B. 

      Meta Trading

    • C. 

      Meta Talk

    • D. 

      Meta Trader

  • 9. 
    WHAT IS THE MOST LIQUID FINANCIAL MARKET IN THE WORLD?
    • A. 

      Stock Market

    • B. 

      Option Market

    • C. 

      Future Market

    • D. 

      Forex market

  • 10. 
    WHERE IS THE FOREX MARKET LOCATED?
    • A. 

      There is No Central Market

    • B. 

      Japan

    • C. 

      United States of America

    • D. 

      United Kingdom

  • 11. 
    WHAT HOURS ARE FOREX MARKETS OPEN?
    • A. 

      24 hours a day except weekends

    • B. 

      8:00AM-8:00PM

    • C. 

      12:00Noon-12:00Midnight

    • D. 

      Weekdays only

  • 12. 
    ______________ involves the buying of one currency and simultaneous selling of another.
    • A. 

      Forex Trading

    • B. 

      Stock Trading

    • C. 

      Option Trading

    • D. 

      Wholesale Trading

  • 13. 
    _______________ is the world’s most traded market, with turnover of $5.3 trillion per day*.
    • A. 

      Option Trading

    • B. 

      Wall Street Market

    • C. 

      Forex Market

    • D. 

      Stock market

  • 14. 
    What are major currency pair?
    • A. 

      INR/AED

    • B. 

      PKR/USD

    • C. 

      USD/JPY

    • D. 

      CAD/GBP

  • 15. 
     _____________is an agreement between two parties to exchange the difference between the opening price and closing price of a contract.
    • A. 

      USD

    • B. 

      CAD

    • C. 

      CFDs

    • D. 

      GBP

  • 16. 
    ______________ is the market in which shares of publicly held companies are issued and traded either through exchanges or over-the-counter markets.
    • A. 

      Stock Market

    • B. 

      Forex Market

    • C. 

      Futures Market

    • D. 

      Gold Market

  • 17. 
    __________________  is a contract that gives the buyer the right, but not the obligation, to buy or sell an underlying asset at a specific price on or before a certain date
    • A. 

      Stock Market

    • B. 

      Option Market

    • C. 

      Forex market

    • D. 

      Future Market

  • 18. 
     _____________means to buy and sell at the same time or within a short period two different instruments either in different markets like options and stocks or in just one market such as the Forex market. 
    • A. 

      Hedging

    • B. 

      Buying

    • C. 

      Selling

    • D. 

      Closing

  • 19. 
    In the forex market, think of money as a commodity, you are _______ a currency hoping that its value will increase
    • A. 

      Selling

    • B. 

      Buying

    • C. 

      Hedging

    • D. 

      Closing

  • 20. 
    In the forex market, think of money as a commodity, you are ________ a currency hoping that its value will decrease
    • A. 

      Hedging

    • B. 

      Selling

    • C. 

      Buying

    • D. 

      Closing