When you arrive at Heathrow Airport in London and go to the foreign exchange kiosk to exchange dollars for pounds, you are trading in the
A) spot market.
B) forward market.
C) futures market.
D) options market.

Question

Quizplus · Accepted Answer

When you exchange currency at a foreign exchange kiosk, you are conducting a spot transaction, which involves the immediate exchange of currencies at the current market exchange rate. The forward, futures, and options markets are all types of derivative markets that involve contracts for future currency exchanges or financial instruments based on currency values.

When You Arrive at Heathrow Airport in London and Go