Which of the following is an exchange rate that requires delivery of the traded currency within two business days?

Question

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The exchange rate that requires delivery of the traded currency within two business days is known as the spot rate. This is the price at which the currency can be bought or sold for immediate delivery, usually within two business days. Derivative rate and forward rate do not require immediate delivery of the currency, and discount rate is a term used in finance to refer to the interest rate used to discount future cash flows.

Which of the Following Is an Exchange Rate That Requires