Test “What is Forex?”

Test: What is Forex?

1 / 6

Which comparison best reflects the principle of how the Forex market operates?

a) Like a typical market

b) Like an airport

c) Like a bank

d) Like a currency exchange

2 / 6

What was the original purpose of creating the Forex market?

a) To enable people to exchange currencies

b) Large-scale trading in a macroeconomic context

c) To make profits from speculation

3 / 6

If an American company wants to buy goods from a British company, what operation will it perform in the Forex market?

a) Sell pounds, receiving US dollars in exchange

b) Buy goods with US dollars

c) Sell goods to buy pounds

d) Buy pounds with US dollars

4 / 6

A currency's value will decrease if:

a) Demand increases

b) Supply increases

c) Supply decreases

5 / 6

What are the organizations that allow trading in the Forex market called?

a) Pokers

b) Walkers

c) Brokers

d) Rackets

6 / 6

What can be considered an advantage of trading on the Forex market online?

a) You can trade from anywhere as long as you have internet access

b) You don’t need a large budget to start trading

c) You can trade at any time on weekdays

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