Exchange rate entail delivery of trade currency within two business days...

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Exchange rate entail delivery of trade currency within two business days know as

A. forward rate

B. future rate

C. spot rate

D. bid rate

Answer: Option C

Solution (By Examveda Team)

Exchange rate entail delivery of trade currency within two business days know as spot rate. The spot rate is the price quoted for immediate settlement on a commodity, a security or a currency. The spot rate, also referred to as the "spot price," is the current market value of an asset at the moment of the quote.

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