Question 1 The lot size is 10,000. The leverage is 100:1. EUR/USD is trading at 1.2313/18. If you buy 1 lot of EUR/USD, how much margin will you use in terms of U.S. dollar? A) $123.13 B) $123.18 C) $100 Question 2 Your account has $500 with 100:1 leverage. What is the maximum amount of position you could open? A) 5 Micro Lots B) 5 Mini Lots C) 5 Lots D) Don’t know Question 3 Client X chooses 100:1 leverage. Client Y chooses 200:1 leverage. If they choose the same lot size to trade, who uses less margin? A) Client X B) Client Y C) Client X uses the same margin as client Y D) Don’t know Question 4 Major currency pairs do not have USD currency? A) True B) False C) Don’t know D) All of the Above Question 5 How many days a week does the Forex market open? A) 5 B) 4 C) 7 D) Don’t know Question 6 The lot size is 100,000. Will profit/loss per pip vary if one chooses 100:1 leverage versus 200:1 leverage? A) Yes B...