The __________ price is used for people to sell a currency pair and reflects how much the market will pay for the quote currency in relation to the base currency.

A bond that makes payments in a certain currency contains the risk of holding that currency and so is priced according to the yields of similar bonds in that currency.（ ）

If a person buys or sells a currency pair, he buys or sells the base currency.

If a person buys or sells a currency pair, he buys or sells the counter currency.

In Forex, the counter currency represents how much of the quote currency is needed for you to get one unit of the counter currency. True or false?

A convertible currency is a currency that may be freely exchanged for______. ( ) A: national currency. B: only silver. C: only copper. D: foreign currencies.

If the forward exchange rate, defined as the domestic currency price<br/>of the foreign currency, is smaller than the spot exchange rate,<br/>there is a ( ). A: forward premium on the foreign currency. B: forward discount on the foreign currency. C: shortage of dollars. D: surplus of dollars.

()means the price of one unit foreign currency in terms of domestic currency. A: Direct quotation B: Indirect<br/>quotation C: American currency<br/>quotation D: Normal quotation

Hedging is the act of balancing your assets and liabilities in a foreign currency to become immune to risk resulting from future changes in the value of foreign currency.（ ）

If a central bank is said to be leaning against the wind, they have signaled that they will A: intervene to reverse the current trend of their currency. B: intervene to accelerate the current trend of their currency. C: not intervene in the currency markets at all. D: work together with their opposition even if it is politically difficult.