## Welcome to the quiz

• There's no time limit, so you can spend as long as you like on each question.
Question 1 of 10

• A First
• B Second
• C Third
• D Fourth

### Explanation

In most cases, when the Japanese yen (JPY) is the counter currency, the second decimal place is the one to watch.

Question 2 of 10

• A 5p
• B 20p
• C 50p
• D 200p

### Explanation

The value of one share is the total company value divided by the number of shares issued. £5,000,000 ÷ 10,000,000 = £0.50 or 50p.

Question 3 of 10

• A £3000
• B £400
• C £4000
• D £5000

### 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

Question 4 of 10

### Which of the following isn't a commodity futures exchange?

• A London International Financial Futures and Options Exchange (LIFFE)
• B London Metal Exchange
• C OMX Nordic Exchange
• D New York Mercantile Exchange

### Explanation

OMX Nordic Exchange is a stock exchange group based in Stockholm.

Question 5 of 10

### Explanation

FTSE 100 -> UK
DAX -> Germany
CAC 40 -> France
IBEX 35 -> Spain
Nikkei 225 -> Japan

Question 6 of 10

### Explanation

SIX -> Switzerland
LSE -> UK
NASDAQ -> USA
ASX -> Australia

Question 7 of 10

• Gold
• Nickel
• Barley
• Heating Oil

### 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.

Question 8 of 10

### 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)?

• A \$200 loss
• B \$200 profit
• C \$2000 profit
• D \$2000 loss

### Explanation

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.

Question 9 of 10

### 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)?

• A \$60,000 profit
• B \$6000 loss
• C \$60,000 loss
• D \$600,000 profit

### Explanation

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).

Question 10 of 10

• A 1
• B 10,000
• C 100,000
• D 10

### Explanation

A standard lot is 100,000 units of currency. A mini lot represents 10,000 units, while a micro lot represents 1000.