The foreign exchange rate at a given moment for immediate delivery is called the _________.

Question

Quizplus · Accepted Answer

The spot rate is the foreign exchange rate for immediate delivery. Special drawing rights are a type of reserve currency issued by the International Monetary Fund (IMF). Forward rates are foreign exchange rates for delivery at some point in the future. Cross rates are exchange rates between two currencies where neither currency is the domestic currency. Transfer risk refers to the risk associated with a company transferring funds from one country to another.

The Foreign Exchange Rate at a Given Moment for Immediate