Activity #4
Answer the
following questions in complete sentences.
What does Forex stand for? Abbreviation of Foreign Exchange which is the currency market
What does Forex refer to? Is the trade of one currency into another country's currency
What is
Forex trading? It is a
global, decentralized market where currencies are traded
What does
Forex trading market refer to? Is the
changing one currency for another
How does
the foreing exchange work? It includes
all aspects of buying, selling, and exchanging currencies at current or
determined prices.
What do
people trade? People buy
and sell currency
How do
people trade? People
exchange currency in a bank or in the electronic market using the local
currency to exchange it for other currencies.
What is a
currency-pair? When people
buy a currency and sells a currency at the same time
What makes
currency- pairs move? It depends
on the value of the national currency
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