The most important (in terms of dollar value) type of foreign exchange transaction by U.S.banks is the:
A) Spot transaction
B) Forward transaction
C) Swap transaction
D) Option transaction

Question

Quizplus · Accepted Answer

Spot transactions are the most important type of foreign exchange transaction by U.S. banks in terms of dollar value. Spot transactions involve the immediate exchange of currencies at the current market rate.

The Most Important (In Terms of Dollar Value) Type of Foreign