Question 7 of 10 To predict FOREX movements, traders use: O A Predictions by the

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Question 7 of 10 To predict FOREX movements, traders use: O A Predictions by the main FOREX regulator O B.Fundamental as well as technical (chart) analysis ° C·Random walk theory O D-Stock prices on NYSE Reset Selection Question 8 of 10 FOREX trading is: AAs old as written history as related by the story of Jesus and money changers BStarted in 1880 with the advent of the Gold Standard C.Started in the 15th century with the Medici banks in various cities O D·Started after Bretton Woods' collapse Reset Selection Question 9 of 10 Rates of exchange on a daily basis are set: A.By market forces but are also influenced by big traders who collude among themselves to fix rates to their advantage B.By regulator of the FOREX market C.By small traders as they represent the free market DBy purely market forces without interference by bigger traders . Reset Selection Question 10 of 10 The US justice department has: O A.Issued regulations to bring order to the FOREX market B.Made it clear the FOREX market is not part of their jurisdiction O C.Commended the top banks for their lawful conduct of FOREX operations D.Levied stiff fines against a number of prominent banks for their role in Libor and FOREX rate fixing Reset Selection

Explanation / Answer

7) fundamental and technical analysis

Foreign exchange rate is predicted by fundamental and technical analysis.

8) B is correct

Foreign exchange started in 1880 with advent of gold standard

9) D is correct

Foreign exchange is determined by market forces of demand and supply. Intersection of demand and supply of foreign exchange determines the exchange rate.

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