The Spot Market for Foreign Exchange

question 98

Multiple Choice

The spot market for foreign exchange:

• A) is a market that exists only in one place at one time.
• B) is when a person borrows to speculate in the market.
• C) are purchases and sales of currencies for immediate delivery.
• D) is the rate of exchange quoted during the next business day.

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Definitions:

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A characteristic of a good or service that allows the owner to prevent others from using it without permission.

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