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Foreign Exchange Essentials

Instructions:
  • Answer 50 questions in 15 minutes.
  • If you are not ready to take this test, you can study here.
  • Match each statement with the correct term.
  • Don't refresh. All questions and answers are randomly picked and ordered every time you load a test.

This is a study tool. The 3 wrong answers for each question are randomly chosen from answers to other questions. So, you might find at times the answers obvious, but you will see it re-enforces your understanding as you take the test each time.
1. If 1 Share = 10 USD and 1 CASE = 30 USD - then 1 share =?






2. Forward points multiply the exchange rate by the...






3. In a USD-JPY relationship - when the line in a graph is upward slope it means the yen is weakening and dollar is strenghtening because exchange rate...






4. Hedging instrument used in Fair Value Hedge program is...






5. A downward slope that represents stock-USD relationship means that stock price is losing ______ - so you are losing money






6. In a downward slope that represents USD-JPY relationship a _____________ means that if you bough Japanese Yen at point A you made money at point B






7. A ____________________ is an exchange of two currencies at a fixed rate for any date other than spot delivery






8. In a GBP-USD relationship - if pound is strengthening it means that you can get _____ US Dollars for one pound






9. With direct quoting _______ of the first item is quoted for a specific price in terms of the second item.






10. A forward happens in...






11. The Foreign Exchange market is the __________ market in the world






12. Australian currency code is...






13. In a stock-USD relationship - when arrow is going up means that stock is becoming more ______ against dollar






14. ____________ is used for translation of foreign currency P&L to Reporting currency?






15. What are the four major FX accounting guidances?






16. In a GBP-USD relationship - when the line in a graph is upward slope it means the __________ overtime because the exchange rate is getting bigger






17. Direct quote- _____________=USD






18. What is cash flow used for?






19. Hedge Rate is _______________ that will be achieved on a specific quarter's cash flow






20. Revaluation can be hedged - while ___________ cannot be hedged






21. What is the trading in volume for FX?






22. What rate is used on the balance sheet?






23. The currency ticker for the Sweden Kroner is?






24. ____________ booked a hedge rate is trued up to the EHR each month during the quarter






25. The rules for adding or subtracting forward points depend on whether it is quoted...






26. The difference in interest rate is referred to as...






27. What is Fair Value hedge program used for?






28. Give an example of one way to hedge a price increase in gas prices...






29. Treasury's role is to identify risk - control to prevent erosion of...






30. The ______________ for a currency normally uses the first two digits to identify the country - and the last digit to identify the currency






31. Hedging instrument used in cash flow program is...






32. In a stock-USD relationship - when arrow is going down means that stock is becoming ____ valuable against dollar






33. What is reporting currency?






34. How does treasury accomplish its purpose?






35. What is local currency?

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36. What is Revaluation?

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37. When is hedge rate published?






38. ____________ - foreign currency/rate = USD






39. Effective Hedge Rate is ________________ of all outstanding FX contracts for the quarter being hedged






40. Treasury is responsible for managing companies funds and determining the firms'...






41. What is currency Translation?

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42. What is the ticker symbol for Brazilian Real?






43. What is the purpose of hedging?






44. What dictates minimum and maximum hedge percentages?






45. Give some examples of countries where its hard to hedge?






46. USD-JPY account for ____ of trading FX volume






47. Whether the quote was indirect or direct - they are all stored as ______ in Oracle






48. All other currency trading with USD accounts for ____ of FX volume






49. B/S rate is used for revaluation of foreign currency transaction to...






50. One of the objectives of the hedge rate is to __________ that is used for pricing - planning - and accounting thus maximizing the efficiency of our hedge program







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