Forex Fundamentals Quiz
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
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
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