An organized market for currency for future delivery that is traded on an exchange is called:

Question

Quizplus · Accepted Answer

A futures market is where contracts for future delivery of currency are traded on an exchange. This is different from a spot market where currency is traded for immediate delivery or a forward market where contracts for future delivery are traded over-the-counter. An options market involves the right but not the obligation to buy or sell currency at a set price in the future.

An Organized Market for Currency for Future Delivery That Is