What was the primary reason for the decline of the barter system?

"Lack of a common language for trading" "The invention of paper money" "Issues with scalability and divisibility" "The rise of powerful empires that controlled trade routes"

What is the key factor that determines the value of one currency against another in the current market-driven system?

"The amount of gold reserves a country holds" "The political and economic conditions of the respective countries" "The fixed exchange rates set by international organizations" "The trading volume of the currency pair"

Why is the Forex market considered highly liquid?

"It is regulated by a central global entity" "It operates 24 hours a day, six days a week" "All transactions are conducted in US dollars" "It primarily involves large institutional investors"

In the currency pair USD/INR = 67, what does '67' represent?

"The exchange rate of USD to INR" "The interest rate differential between USD and INR" "The amount of INR required to buy 1 USD" "The volatility of the USD/INR pair"

Which of the following is NOT a participant in the Forex market?

"Central Banks" "Traders" "Stock Exchanges" "Corporations"