The 'Spot' Rate of Exchange for Foreign Currencies Is

question 6

Multiple Choice

The 'spot' rate of exchange for foreign currencies is:

• A) the rate at which currencies can be exchanged in a particular place (e.g., in Sydney or in New York)
• B) the rate of exchange between the Australian dollar and the US dollar
• C) the rate at which currencies can be exchanged on the New York foreign exchange market
• D) the rate at which currencies can be exchanged immediately

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