4 Money, foreing exchange, Finance Act#4

  • julio 06, 2021
  • By Samuel Cuellar Hdez
  • 0 Comments

Nua: 415306 

Answer the following questions in complete sentences.

1.      What does Forex stand for?

Foreign exchange, it is the foreign exchange market.

2.      What does Forex refer to?

It refers to the value of one currency against another.

3.      What is Forex trading?

It is a market where different currencies are traded.

4.      What does Forex trading market refer to?

It is the currency market where all the currencies of the world are displayed and their commercial value is shown.

5.      How does the foreign exchange work?

The currency market moves according to the evolution of the exchange rate between currencies, so it must be taken into account that or there will always be a profit.

6.      What do people trade?

currencies from all over the world

7.      How do people trade?

When making a currency exchange it is necessary to have made a previous analysis of the situation of the currency you want to acquire, this will allow you to carry out the operation taking the least possible risks.

8.      What is a currency-pair?

Shows the relative value of one currency against another

9.      What makes currency- pairs move?

When a currency increases or decreases in value it causes the currency pairs to move.

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