When two parties agree to exchange currency and execute the deal immediately,the transaction is a:
A)point-in-time exchange.
B)temporal exchange.
C)spot exchange.
D)forward exchange.

Question

Quizplus · Accepted Answer

A spot exchange refers to the immediate exchange of currency between two parties. The other options refer to exchanges that occur at a future date or time, making them incorrect in this context.

When Two Parties Agree to Exchange Currency and Execute the Deal