Forex Fundamentals Quiz

A detailed infographic representing currency exchange, with symbols of different currencies, markets, and graphs showing bid and ask prices. The background should include a map highlighting international trade routes.

Forex Fundamentals Quiz

Test your knowledge on the foreign exchange market with our engaging quiz! This quiz covers various aspects of currency exchange, including pricing, quotations, and trading mechanics.

Whether you're a beginner wanting to learn the basics or someone looking to refine their understanding, this quiz is perfect for you. Topics include:

Exchange Rates
Bid and Ask Prices
Direct and Indirect Quotations

9 Questions2 MinutesCreated by TradingWolf502

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Foreign exchange market

Inflation

Purchasing power perity

AL Romtha

At any given point in time, the exchange rate between two currencies should be different

True

False

Customers or other bank are purchased large amounts of currency at high price and sell it at low price

True

False

Ask is buy price

True

False

Bid is sell price

True

False

Bid price for a feigen currency should be greater than ask price to profit

True

False

Direct quotations is

Represent the number of units of a foregn currency per dollar

Represent the value of a foreign currency in dollar

A+b are correct

Non of above

Indirect quotations is

That represents the number of units of a foreign currency per dollar

Represent the value of a foreign currency in dollar

A+b are correct

A+b are false

The spot rate of the euro is quoted at 1.052$ , the indirect quotations is

0.97 euro

0.97 $

1.031 euro

0.95 euro

Forex Fundamentals Quiz

Forex Fundamentals Quiz

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