Money, foreing exchange, Finance. Exercise 4
1.What does Forex stand for?
It is the abbreviation for Foreign Exchange, it is the foreign exchange market.
2.What does Forex refer to?
It is the comparison of the value of one country's currency with another.
3.What is Forex trading?
It is the market that allows participants to exchange their home currency for the currency of another country.
4.What does the foreign exchange market refer to?
The foreign exchange market is where all the world's currencies are displayed and their value to be sold.
5.How does the foreign exchange market work?
You compare one currency against another and thus makes sense of the value of each currency and thus buy the currency that I like, and thus the currency with which I buy lowers its value and the one I acquire increases its value.
6.What is traded?
The currencies that are within the foreign exchange market
7.How is it traded?
The foreign exchange market is open from Sunday night and lasts 24 hours and closes on Friday night.
8.What is a currency pair?
It is showing the relative value of one currency against another.
9.What makes currency pairs move?
The buying and selling we do when exchanging one currency for another, cause the one we buy to go up and the other to go down in value.
I think question 7 was a different answer. But from then on it seems perfect to me.
ResponderBorrarI agree with Guillermo, but overall great job!
ResponderBorrarI think that when you say up and down of it's value, it's when the currency weakens or strengthens.
Hi Karina, good job, our answers are focused on the same idea.
ResponderBorrarHi Karina, we share the same ideas of what the answers are, short but clear, very good job!
ResponderBorrar