Quizzes 88 to 91

NFP stands for?

A) new food protocol
B) non-food protocol
C) non-farm payrolls
D) none of the above

The wrong answers include: A) new food protocol, B) non-food protocol, and D) none of the above.

The correct answer is C) non-farm payrolls. This is the jobs number that the United States releases on the first Friday of every month, and is followed closely by currency traders.

A higher unemployment rate is?

A) good for currency
B) bad for a currency
C) it doesn’t matter
D) none of the above

The wrong answers include: A) good for currency, C) it doesn’t matter, and D) none of the above.

The correct answer is B) bad for currency. A high unemployment rate is a sign of a soft economy and is typically reflected in the value of the currency.

The most liquid currency pair is?

A) USD/CAD
B) USD/JPY
C) EUR/USD
D) GBP/USD

The wrong answers include A) USD/CAD, B) USD/JPY, and D) GBP/USD.

The correct answer is C) EUR/USD. Not only is the EUR/USD pair the most liquid currency pair, but it is also considered to be the most liquid financial market in the world.

Every day, the Forex market exchanges over?

A) $5 million
B) $5 billion
C) $5 trillion
D) none of the above

The wrong answers include A) $5 million, B) $5 billion, and D) none of the above.

The correct answer is C) $5 trillion. The Forex markets are by far the largest market in the world, exchanging over $5 trillion worth of currency every day.

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