For currency transactions,the spot exchange rate is the rate _______,and the forward exchange rate is the rate _______.
A) on that day; today
B) at some specified future date; today
C) today; on that date
D) on that date; at some specified future date

Question

Quizplus · Accepted Answer

The spot exchange rate refers to the exchange rate at the current moment, on the spot. On the other hand, the forward exchange rate is the rate agreed upon today, for a specified future date. Therefore, option D is correct, where the spot exchange rate is the rate on that date, and the forward exchange rate is the rate at some specified future date.

For Currency Transactions,the Spot Exchange Rate Is the Rate _______,And