Forex Market Quiz
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Questions and Answers

What is the main function of the foreign exchange market?

  • Managing international trade agreements
  • Regulating global interest rates
  • Facilitating the buying and selling of stocks
  • Determining foreign exchange rates for every currency (correct)

    • Who are the main participants in the foreign exchange market?

  • Larger international banks (correct)
  • Government regulatory agencies
  • Individual cryptocurrency traders
  • Small retail investors

    • How does the foreign exchange market determine a currency's value?

  • By analyzing the country's GDP
  • By setting the market price of one currency if paid for with another (correct)
  • By consulting with government authorities
  • By considering the currency's historical significance

    • What is the role of 'dealers' in the foreign exchange market?

    <p>They are involved in large quantities of foreign exchange trading</p> Signup and view all the answers

    What is the term used to describe the behind-the-scenes market involving banks and financial firms in foreign exchange trading?

    <p>Interbank market</p> Signup and view all the answers

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