A British firm may need dollars to pay for U.S.imports.It can work with banks in London to exchange pounds for dollars to make this payment via electronic transfer.This is an example of a(n)_____ market.

Name: A British firm may need dollars to pay for U.S.imports.It can work with banks in London to exchange pounds for dollars to make this payment via electronic transfer.This is an example of a(n)_____ market.
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This is an example of a spot market where currencies are exchanged for immediate delivery.

A British Firm May Need Dollars to Pay for U