Level 1

There are 3 letters in a currency symbol. The first two letters signify the country and the third letter the currency, for example Euro = EUR, British Pound = GBP, United States Dollar = USD etc.

The majors are: EURUSD, GBPUSD, AUDUSD, NZDUSD, USDCAD, USDJPY and USDCHF.

The question is

The foreign exchange market, which is usually known as “forex” or “FX,” is the largest financial market in the world.