A ________ transaction in the foreign exchange market requires an almost immediate delivery (typically within two days) of foreign exchange.
A) spot
B) forward
C) futures
D) none of the above

Question

Quizplus · Accepted Answer

A spot transaction is a transaction in which the exchange of currencies occurs almost immediately, typically within two days. The other options, such as forward and futures transactions, involve an agreement to exchange currencies at a future date, not an immediate exchange.

A ________ Transaction in the Foreign Exchange Market Requires an Almost