Which of these is defined as exchanging one currency for another today?

Name: Which of these is defined as exchanging one currency for another today?
Brand: Quizplus
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Question

Quizplus · Accepted Answer

A spot transaction is the exchange of one currency for another at the current market rate. Option A, exchange rate, refers to the value at which one currency can be exchanged for another. Options C and D, indirect and direct quote, refer to the method of quoting exchange rates.

Which of These Is Defined as Exchanging One Currency for Another