Week 2 – Day 6 Quiz
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Question 1 of 20
1. Question
What is the term used for the difference between the bid and the ask price of a currency pair?
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Question 2 of 20
2. Question
Which of the following are major currency pairs? (Select all that apply)
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Question 3 of 20
3. Question
What is the name of the policy tool used by central banks to control national interest rates?
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Question 4 of 20
4. Question
Put the following steps in the correct order to start live forex trading.
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Fund your trading account.
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Set up a live trading account with a broker.
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Do research and choose a forex broker.
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Develop a trading strategy.
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Question 5 of 20
5. Question
Match the currency with its country or region.
Sort elements
- Japan
- Eurozone
- United Kingdom
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Yen
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Euro
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Pound Sterling
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Question 6 of 20
6. Question
The currency quoted first in a currency pair is known as the “__________” currency.
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The currency quoted first in a currency pair is known as the “ ” currency.
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Question 7 of 20
7. Question
Which tool can be used to limit a trader’s losses?
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Question 8 of 20
8. Question
Which indicators are commonly used in technical analysis? (Select all that apply)
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Question 9 of 20
9. Question
What do we call the type of market analysis that involves the study of economic factors that influence currency movements?
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Question 10 of 20
10. Question
Arrange these countries based on their currency’s average daily volume, starting with the highest.
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Australia
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United Kingdom
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United States
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Japan
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Question 11 of 20
11. Question
Match the following forex terms with their definitions.
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- The smallest price move that a given exchange rate can make based on market convention.
- The amount of money needed to open or maintain a position.
- The total value of a trader's account when any open positions have been factored in.
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Pip
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Margin
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Equity
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Question 12 of 20
12. Question
Which one of these events would most likely cause significant volatility in currency markets?
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Question 13 of 20
13. Question
Which of the following terms is used to describe a currency pair that does not include the U.S. dollar?
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Question 14 of 20
14. Question
Which sessions are part of the Forex market hours? (Select all that apply)
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Question 15 of 20
15. Question
Match the following forex terms with their corresponding definitions.
Sort elements
- A market condition where prices are rising or expected to rise.
- A market condition where prices are declining or expected to decline.
- A condition where currency price movements are limited to a tight range, indicating indecision among traders.
- When the price of a currency pair and a related indicator or other financial asset move in opposite directions.
- A situation where the price of a currency pair and a related indicator or other financial asset move toward each other.
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Bullish Market
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Bearish Market
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Consolidation
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Divergence
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Convergence
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Question 16 of 20
16. Question
Put these economic indicators in order of release frequency, from most frequent to least frequent.
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Consumer Price Index (CPI)
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Retail Sales
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Gross Domestic Product (GDP)
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Nonfarm Payrolls
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Question 17 of 20
17. Question
Match the stock market index to the correct country.
Sort elements
- Japan
- United Kingdom
- United States
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Nikkei 225
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FTSE 100
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S&P 500
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Question 18 of 20
18. Question
An order placed to buy or sell a set number of shares at a specified price or better is called a “__________” order.
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An order placed to buy or sell a set number of shares at a specified price or better is called a “ ” order.
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Question 19 of 20
19. Question
In forex trading, what is leverage?
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Question 20 of 20
20. Question
What are the potential risks of using high leverage in forex trading? (Select all that apply)
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