Which of the Following Is True for the Term "Spot

question 49

Multiple Choice

Which of the following is true for the term "spot exchange rate"?

• A)It refers to the technique of protecting against the potential losses that result from adverse changes in exchange rates.
• B)It refers to the simultaneous and instantaneous purchase and sale of a currency for a profit.
• C)It refers to the exchange rates that require immediate settlement with delivery of the traded currency.
• D)It refers to the practice of buying and selling a currency with the expectation that the value will change and result in a profit.
• E)It refers to the exchange rate between two currencies, neither of which is the official currency in the country in which the quote is provided.

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Definitions:

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