Asked by
kailee cluasen
on Nov 07, 2024
Verified
The exchange rate based on a spot trade is called the _________ exchange rate.
A) Spot.
B) Forward.
C) Triangle.
D) Cross.
E) Open.
Spot Exchange Rate
The current price at which one currency can be exchanged for another for immediate delivery.
Spot Trade
A transaction that involves the immediate exchange of one currency or commodity for another, settling immediately or within a short period.
- Acquire knowledge on the core definitions and principles related to exchange rate mechanisms, including an understanding of spot and forward rates.
Verified Answer
SS
Learning Objectives
- Acquire knowledge on the core definitions and principles related to exchange rate mechanisms, including an understanding of spot and forward rates.
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