If 1 euro can be purchased for $1.10 today on the market,this exchange rate is called the

Question

Quizplus · Accepted Answer

The spot exchange rate refers to the current exchange rate at the current moment in the market, which is what is mentioned in the question as 1 euro can be purchased for $1.10 today. This is different from a forward exchange rate, which is the exchange rate agreed upon now for a transaction that will occur on a future date. A fixed exchange rate refers to a system in which a country's currency is fixed to another currency or commodity, and a financial exchange rate is not a commonly used term.

If 1 Euro Can Be Purchased for $1