Which of the following statements is true?
A)The market in which foreign currency is traded for future delivery is called the forward market for foreign exchange.
B)The market in which foreign currency is traded for future delivery is called the future market for foreign exchange.
C)The market in which foreign currency is traded for future delivery is called the spot market for foreign exchange.
D)The market in which foreign currency is traded for future delivery is called the business market for foreign exchange.

Question

Quizplus · Accepted Answer

The forward market for foreign exchange is where participants can buy and sell currencies for future delivery, unlike the spot market where transactions are settled immediately.

Which of the Following Statements Is True