12 Questions
The foreign exchange market is a physical market with a centralized location.
False
The forex market is the largest and most liquid market in the world.
True
In 2013, the FX market recorded USD3.5T as a single largest market transaction in the world.
False
Market makers are responsible for buying securities at a given price.
True
Price takers are responsible for setting the prices of securities.
False
The forex market is traded in only six major financial centers around the world.
True
In an FX cash flow, the direction can be either inflow or outflow and indicates the currency bought and sold.
False
A commodity currency is a currency that is widely traded in the forex market.
False
The reciprocal currency always involves the USD as the base currency.
False
A two-way quote represents the current bid price of a security only.
False
The ask price represents the maximum price that a seller is willing to take for a security.
False
The forward value date is always two days after the transaction date.
False
Test your knowledge about the foreign exchange market, also known as the forex market, where currencies are traded. Learn about the largest and most liquid market in the world and its daily transactions. Explore the basics of forex and its significance in global finance.
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