The market in which foreign currency is traded for immediate delivery is the
A)spot market.
B)forward market.
C)futures market.
D)currency swap market.

Question

Quizplus · Accepted Answer

The spot market refers to the market in which foreign currency is traded for immediate delivery. It is also known as the cash market and is the most commonly traded market for foreign exchange transactions. The forward and futures markets involve the exchange of currencies at a future date, while the currency swap market involves the exchange of currencies for a period of time to reduce risk.

The Market in Which Foreign Currency Is Traded for Immediate