Quizzes 53 to 56

If the broker offers segregated funds it means?

A) The broker can use the deposited money how it pleases.
B) The funds are deposited in a custodial bank.
C) The broker cannot use the deposited funds to pay other withdrawals.
D) Something the trader should ignore.

The wrong answers include A) the broker can use the deposited money how it pleases, D) something the trader should ignore.

The correct answers include B) the funds are deposited in a custodial bank, and C) the broker cannot use the deposited funds to pay other withdrawals.

A currency pair represents?

A) Nothing but the possibility to make a profit.
B) 2 currencies that reflect differences between their economies.
C) Something that is not useful in trading.
D) None of the above.

The wrong answers include A) Nothing but the possibility to make a profit, C) something that is not useful in trading, and D) none of the above.

The correct answer is B) 2 currencies that reflect differences between their economies.

The value of a PIP is?

A) Constant
B) fluctuates
C) meaningless
D) none of the above

The wrong answers include A) constant, C) meaningless, and D), none of the above.

The correct answer is B) fluctuates.

A cross pair?

A) Consolidates more than a major pair
B) moves in the same way
C) is not consolidating
D) none of the above

The wrong answers include B) moves in the same way, C) is not consolidating, and D) none of the above.

The correct answer is A) consolidates more than a major pair. This is because it will have influence from a couple of different currencies as they are traded against the US dollar. Because of this, stagnation is much easier.

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