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Foreign Currency Markets Quiz 1 (25 MCQs)

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1. Price in one country in relation to other currencies in the international exchange market is known as-

2. Occurs when two parties agree to exchange currency and execute the deal at some specific date in the future

3. _____ attempt to exploit small differences in the price of a currency between markets by buying currencies in lower-priced markets and selling in higher-priced markets.

4. Under which system, gold was taken as the common unit of parity between currencies of different countries in circulation?

5. Demand for foreign currency depends upon-

6. Of Forex trading is in _____

7. The statutory organization of Indian government for foreign exchange is

8. Currency that is deposited at a foreign bank outside of its home country. Contrary to its name, the term does not refer to euros that are deposited outside of Europe.

9. When supply of foreign exchange increases, the equilibrium exchange rate will-

10. Foreign Currency Non-Resident (Banks) account can be opened in the name of the following:

11. Euro was launched in

12. The issue of the _____ is controlled by RBI

13. International trade free of government control and trade barriers

14. LERMS was introduced in _____

15. If rupees 120 are required to buy $ 2, instead of rupees 100 for $ 1 earlier, than:

16. Under the _____, each country pegged the value of its currency to gold.

17. A simultenous lending and borrowing of 2 different currencies between 2 investors

18. The transaction that has fixed initial margin and kept as a collateral for future position.

19. On average, more than a trillion _____

20. A method of trading stocks, currencies, etc. through electronic stock markets, forex, crypto currency.

21. The exchange rate is

22. It is very difficult to interpret news in foreign exchange markets because

23. When the value of the British pound changes from $ 1.25 per pound to $ 1.50 per pound, the pound has _____ and the Canadian dollar has _____

24. Everything else held constant, when a country's currency appreciates, the country's goods abroad become _____ expensive and foreign goods in that country become _____ expensive.

25. If the dollar appreciates relative to the British pound,

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Foreign Currency Markets Quiz 1 (25 MCQs)

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