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.This Question Belongs to Management >> International Finance And Treasury
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