Market Trader Chapter 1 Test

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1 point

Why did the British Pound lose it's status as the worlds largest currency.

Because of the Bretton Woods Accord

Because of World War II

With the introduction of the EURO.

It was decided by the International Monetary Fund

1 point

Who trades forex?

Commercial Companies

Central Banks

Hedge Funds

All of the Above

1 point

What does FX stand for?

Foreign Exchange

Special Effects

Share Trading

Financial Experimentation

1 point

Is the forex market volatile?

Yes

1 point

Which agreement was signed in 1944 to attach all currency values to the USD?

Foreign Exchange Control Agreement

Currency Stabilisation Agreement

Reserve Bank Act

Bretton Woods Bretton Woods Accord

1 point

How much does the MetaTrader4 Trading Platform Cost?

$1200 once off

It is free

$20 per month

$1000 once off

1 point

Is forex a get-rich-quick scheme?

Yes

1 point

When does the London market open?

09h00 GMT

08h00 CAT

09h00 CAT

08h00 GMT

1 point

How big was the Forex market in 2012?

$7 Billion

$4 Billion

$4 Trillion

$1 Billion

10.

1 point

When was the EURO introduced?

1998

1999

2008

1988

11.

1 point

When is the market most active?

London and New York Session

Frankfurt and London Session

Tokyo and London Session

New York Session

12.

1 point

Choose the largest market in the world.

Foreign Exchange

London Stock Exchange

New York Stock Exchange

Tokyo Stock Exchange

13.

1 point

What type of investment is Forex?

Medium Risk

High Risk

Low Risk

14.

1 point

When does the New York Session close?

22h00 (CAT)

22h00 (GMT)

23h00 (CAT)

23h00 (GMT)

15.

1 point

Which organisation proposed that currencies become free floating to create fluctuating markets?

International Monetary Fund

The Central Bank

Word Bank

South African Reserve Bank

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