________ are reported on a real-time basis on many financial websites and are continually changing-their value being determined by supply and demand for that currency relative to others.
A) Spot exchange rates
B) Currency swaps
C) Forward exchange rates
D) Future exchange rates

Question

Quizplus · Accepted Answer

The spot exchange rate is the rate at which a foreign exchange dealer converts one currency into another currency on a particular day. Spot exchange rates are reported on a real-time basis on many financial websites. Spot rates are continually changing, often on a minute-by-minute basis, their value being determined by supply and demand for that currency relative to others.

________ Are Reported on a Real-Time Basis on Many Financial