Asked by
Kapree Kingdom
on Nov 07, 2024
Verified
The exchange rate on a spot trade is called the _____ exchange rate.
A) Spot.
B) Forward.
C) Triangle.
D) Cross.
E) Open.
Spot Exchange Rate
The prevailing rate at which one currency can be swapped for another for instant settlement.
Spot Trade
A deal where financial instruments or commodities are swapped right away.
- Master the basic definitions and principles behind exchange rate mechanisms, specifically spot and forward rates.
Verified Answer
LA
Learning Objectives
- Master the basic definitions and principles behind exchange rate mechanisms, specifically spot and forward rates.
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