The market where currencies may be bought and sold for immediate delivery is known as

Question

Quizplus · Accepted Answer

The spot exchange market is where currencies are bought and sold for immediate delivery. Option A, the forward exchange market, is where currencies are bought and sold for future delivery. Option C, the purchasing power market, is not a commonly used term in finance. Option D, the futuristic exchange market, is not a term used in finance.

The Market Where Currencies May Be Bought and Sold for Immediate