Exercise 2.The following statements are not correct: 2, 3, 4, 8, 11.

Exercise 3.1. ask (offer) price, 2. base currency, 3. bid price, 4. central bank, 5. commission, 6. counter currency, 7. cross currency pairs or cross rate, 8. fundamental analysis, 9. intervention, 10. limit order, 11. liquidity, 12. lot, 13. pips, 14. quote, 15. settlement, 16. spread, 17. technical analysis, 18. transaction cost

Exercise 4.marketplace, transactions, contracts, negotiated, counterparties, delivery, currency, notional, FX, derivatives, interbank, binding, instrument, traders, underlying, profit, risks, rewards, exit, positions, «open outcry», E-trading, individual investors, MNCs, fluctuations, transparent, liquid, clearing, fees, physical, cash-settled