Q677
Exchange rate entail delivery of trade currency within two business days know as
A.
forward rate
B.
future rate
C.
spot rate
AnswerD.
bid rate
Answer: Option C
Solution
Answer: Option C
Solution:
Exchange rate entail delivery of trade currency within two business days know as spot rate. The spot rate is the price quoted for immediate settlement on a commodity, a security or a currency. The spot rate, also referred to as the "spot price," is the current market value of an asset at the moment of the quote.