_____ are reported on a real time basis on many financial Web sites and are continually changing-their value being determined by supply and demand for that currency relative to others.

Question

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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 Web sites. Spot rates are continually changing, their value being determined by supply and demand for that currency relative to others. A forward exchange occurs when two parties agree to exchange currency and execute the deal at some specific date in the future. Exchange rates governing such transactions are referred to as forward exchange rates. Most major currencies are quoted 30, 90, and 120 days into the future.

_____ Are Reported on a Real Time Basis on Many