The spot rate is
A) the rate quoted for delivery within two business days.
B) usually higher than the forward rate.
C) a contract rate between the corporation and the foreign exchange trader at the bank for future delivery.
D) usually at a premium for sales and a discount for purchases.

Question

Quizplus · Accepted Answer

The spot rate is the exchange rate quoted for immediate delivery or settlement of a foreign currency transaction, usually within two business days.

The Spot Rate Is