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For the currency pair USD/JPY, a pip represents a one-digit movement in which decimal place?
Explanation
In most cases, when the Japanese yen (JPY) is the counter currency, the second decimal place is the one to watch.
Company QER is currently worth $5,000,000 and 10,000,000 shares have been issued. How much is one stock worth in cents?
Explanation
The value of one stock is the total company value divided by the number of shares issued. $5,000,000 ÷ 10,000,000 = $0.50 or 50 cents.
Index DEF is capitalisation-weighted and represents the value of the following three stocks: - Company D has a stock price of $5 with 200 shares issued - Company E has a stock price of $2 with 1000 shares issued - Company F has a stock price of $4 with 500 shares issued. What is the value of Index DEF in dollars?
Explanation
A capitalisation-weighted index takes the size of each company into account when calculating the value of the index as a whole:
($5 x 200) + ($2 x 1000) + ($4 x 500)
= $1000 + $2000 + $2000
= $5000
The contract size for silver futures is 5,000 troy ounces. If you bought 5 silver futures contracts at $18.50 per troy ounce and the silver price then rose to $18.70, how much profit would you have made?
Explanation
$5000. Profit = (closing price - opening price) × number of contracts × contract size
= ($18.70 - $18.50) × 5 contracts × 5,000 ounces
= $0.20 × 5 × 5,000 = $5,000
Match the stock index to its corresponding country:
Explanation
FTSE 100 -> UK
DAX -> Germany
CAC 40 -> France
IBEX 35 -> Spain
Nikkei 225 -> Japan
Match the following stock exchanges to their respective country:
Explanation
SIX -> Switzerland
LSE -> UK
NASDAQ -> USA
ASX -> Australia
TSX -> Canada
Which of the following would be classed as 'hard' commodities?
Explanation
Hard commodities are generally mined from the ground, or taken from other natural resources, while barley is a farmed crop, so is classed as a 'soft' or 'agricultural' commodity.
You decide to buy A$10,000 of AUD/USD at 0.74000, which costs you $7400. A few weeks later the sell price stands at 0.72000. If you close your position at 0.72000, how much profit/loss will you make in USD (not counting any charges or commission payments)?
Explanation
$200 loss. By buying this currency pair you expected the Australian dollar to strengthen against the US dollar. However, in this scenario it got weaker, with you paying $7400 to open the trade, but selling for $7200. This cost you $200.
The size of one contract of Brent Crude oil is 1000 barrels. Let's say it's currently trading at $70 per barrel, and you decide to buy three contracts costing you $210,000 ($70 x 3000 barrels). Later, the price of Brent Crude is listed at $50 per barrel and you decide to close your position. How much profit/loss have you made (ignoring any charges or commission payments)?
Explanation
$60,000 loss. You paid $210,000 but could only sell for $150,000. That means you'd have lost $60,000 in total ($210,000 - $150,000).
Forex is traded in standard lots. How many units of currency does a standard lot represent?
Explanation
A standard lot is 100,000 units of currency. A mini lot represents 10,000 units, while a micro lot represents 1000.
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