14-36 The market in which foreign currency is traded for immediate delivery is the

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Quizplus · Accepted Answer

The spot market is where foreign currency is traded for immediate delivery. The forward market deals with foreign currency transactions that will take place at a future date, while the futures market and currency swap market involve contracts for the purchase or exchange of currency at a future date. The London capital market is a market for long-term debt and equity securities, and is not directly related to the foreign exchange market.

14-36 the Market in Which Foreign Currency Is Traded for Immediate