Quizzes 37 to 40

The following are participants in the Forex market?

A) Forex brokers
B) retail traders
C) liquidity providers
D) all of the above

The wrong answers include A) Forex brokers, b) retail traders, and c) liquidity providers.

The correct answer is d) all of the above. There are several different reasons for traders to be involved in the Forex market, as well as brokers and liquidity providers. The Forex market is the largest market in the world, mainly because of all of the participants that are forced to go in from time to time.

The role of the central bank is?

A) To set the exchange rate of currency
B) to set the monetary policy in its jurisdiction
C) to make a profit
D) none of the above

The wrong answers include a) set the exchange rate of a currency, b) to make a profit, and d) none of the above. That being said, there are some currencies that are “pegged” to other currencies or assets by the local central bank. However, you will be hard-pressed to find a brokerage firm that offers these currencies.

In Forex trading “BoJ” stands for?

A) Bank of Jokes
B) Bank of Japan
C) Bank of Jaipur
D) none of the above

the wrong answers include a) Bank of jokes, C) Bank of Jaipur, and D) none of the above.

The correct answer is b) Bank of Japan. As one of the world’s largest central banks, the Bank of Japan is referred to in the Forex world quite often.

In Forex trading “Loonie” stands for?

A) Australian dollar
B) US dollar
C) Euro
D) Canadian dollar

the wrong answers include a) Australian dollar, b) US dollar, and c) Euro.

The correct answer is D) Canadian dollar.

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