A ________ transaction in the foreign exchange market requires delivery of foreign exchange at some future date.
A) spot
B) forward
C) swap
D) currency

Question

Quizplus · Accepted Answer

A forward transaction is a contract to buy or sell a currency at a predetermined rate on a specific future date, usually at least 30 days in advance. This type of transaction requires delivery of foreign exchange at a future date.

A ________ Transaction in the Foreign Exchange Market Requires Delivery