Exploring the Global Forex Market
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Questions and Answers

Which market has a larger size, the global forex market or the total global gross domestic product (GDP) of 194 countries?

  • The total global gross domestic product (GDP) of 194 countries
  • It is not mentioned in the text
  • The global forex market (correct)
  • Both have the same size

    • What is the average daily trading volume of the forex market in April 2021?

  • $93.86 trillion
  • $6.6 trillion
  • $7.5 trillion (correct)
  • $2 trillion

    • Which currency pair is the most commonly traded in the world?

  • EUR/USD (correct)
  • USD/JPY
  • GBP/USD
  • USD/EUR

    • What percentage of all forex transactions involve the U.S. dollar?

    <p>88%</p> Signup and view all the answers

    Which countries accounted for 78% of all forex trading?

    <p>U.K., Japan, U.S., Singapore and Hong Kong</p> Signup and view all the answers

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