A spot rate may be defined as
A) The price a foreign currency can be purchased or sold today.
B) The price today at which a foreign currency can be purchased or sold in the future.
C) The forecasted future value of a foreign currency.
D) The U.S. dollar value of a foreign currency.
E) The Euro value of a foreign currency.

Question

Quizplus · Accepted Answer

The spot rate is the current price at which a particular currency can be bought or sold for immediate delivery.

A Spot Rate May Be Defined as