It is necessary to use a ______________ exchange rate to execute a transaction immediately.

Question

Quizplus · Accepted Answer

A spot exchange rate is the current market rate at which currencies can be exchanged for immediate delivery. This means that the transaction can be executed immediately, making it the best choice for this scenario. Real time exchange rates may fluctuate and not be accurate at the exact moment of transaction, statutory and sanctioned exchange rates are determined by legal or political factors and may not be relevant for this scenario, and bank determined exchange rates may involve a waiting period to obtain the best rate.

It Is Necessary to Use a ______________ Exchange Rate to Execute