Baby Pips

Question 1

AUD

Answer 1

Australia Dollar

Question 2

USD

Answer 2

United States Dollar

Question 3

ZAR

Answer 3

South Africa (Rand)

Question 4

GBP

Answer 4

Great Britain (Pound)

Question 5

Financial instrument that gives the buyer the right or the option to buy or sell an asset at a specified price on the option’s expiration date

Answer 5

Options

Question 6

MXN

Answer 6

Mexico (Peso)

Question 7

SGD

Answer 7

Singapore

Question 8

CAD

Answer 8

Canada Dollar

Question 9

SEK

Answer 9

Sweden

Question 10

THB

Answer 10

Thailand (Baht)

Question 11

The amount of buying and selling volume happening at any given time

Answer 11

Liquidity.

Question 12

NZD

Answer 12

New Zealand Dollar

Question 13

What are currencies traded through?

Answer 13

A broker, or dealer.

Question 14

DKK

Answer 14

Denmark (Krone)

Question 15

EUR

Answer 15

Euro Zone Members, Euro

Question 16

CHF

Answer 16

Switzerland (Franc)

Question 17

Where currencies are traded immediately using the current market price

Answer 17

Spot Market

Question 18

A trade that could contain a set of stocks combined with some currencies

Answer 18

Exchange-Traded Funds (ETF)

Question 19

HKD

Answer 19

Hong Kong

Question 20

JPY

Answer 20

Japan (Yen)

Question 21

NOK

Answer 21

Norway

Question 22

Contracts To Buy Or Sell A Certain Asset At A Specified Price On A Future Date

Answer 22

Futures.

Question 23

Forex Market is considered this due to the fact that the entire market is run electronically

Answer 23

Over-The-Counter (OTC)

Question 24

Forex Market Players

Answer 24

1. ) Super Banks
2. ) Large Commercial Companies
3. ) Government and Central Banks
4. ) The Speculators

Question 25

Foreign Exchange Market Daily Trade Volume

Answer 25

$5.3 Trillion