The ________ is the market for settlement of a foreign-exchange transaction within two business days.

Question

Quizplus · Accepted Answer

The spot exchange rate market is the market where foreign-exchange transactions are settled within two business days. The forward exchange rate market is for settlement at a future date, while the futures exchange rate market involves buying or selling currency at a future date based on a standardized contract. The current exchange rate market is not a commonly used term in foreign exchange trading.

The ________ Is the Market for Settlement of a Foreign-Exchange