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    Question

    In the foreign exchange (forex) market, the GBP/USD

    currency pair is historically known by which of the following names due to its association with transatlantic telecommunications?
    A Sterling Cross Correct Answer Incorrect Answer
    B Cable Correct Answer Incorrect Answer
    C Dollar Pound Index Correct Answer Incorrect Answer
    D UK-USD Parity Correct Answer Incorrect Answer
    E Atlantic Pair Correct Answer Incorrect Answer

    Solution

    The GBP/USD pair is nicknamed "Cable" because of the transatlantic telegraph cable laid in the 19th century that enabled real-time currency trading between the UK and the US.

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