Quizzes 41 to 44

In Forex trading “Aussie” stands for?

 

1. Euro
2. Great Britain pound
3. Swiss franc
4. Australian dollar

 

The wrong answers include A) Euro, B) Great Britain pound, and C), the Swiss franc.

 

The correct answer is D) Australian dollar.

 

In Forex trading “Cable” stands for?

 

1. Great Britain pound
2. Swiss franc
3. New Zealand dollar
4. Japanese yen

 

The wrong answers include B) Swiss franc, C) New Zealand dollar, and D), Japanese yen.

 

 

The correct answer is A), the British pound. “Cable” refers to the underground telegraph cables that once ran from Great Britain to the United States. Because of this, when traders talk about “Cable”, they are referring to the British pound versus the US dollar.

 

In Forex trading “Kiwi” stands for?

 

1. Swiss franc
2. Norwegian krone
3. Japanese yen
4. New Zealand dollar

 

The wrong answers include A) Swiss franc, B) Norwegian krone, and C), the Japanese yen.

 

The correct answer is D), the New Zealand dollar. This is because of the nickname for New Zealanders, “kiwis.”

 

The economic release that measures inflation is?

 

1. Consumer Price Index
2. Purchasing Managers Index
3. ISM Manufacturing
4. none of the above

 

The wrong answers include B) Purchasing Managers Index, C) ISM Manufacturing, and D) none of the above.

 

The correct answer is A) Consumer Price Index. The Consumer Price Index measures a “basket of goods” by the average citizen of the country. The higher the pricing, the more inflationary the situation has become for the average person.

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