A. forward rate
B. future rate
C. spot rate
D. bid rate
✅ The correct answer is option C.
Exchange rate entail delivery of trade currency within two business days know as spot rate. The spot rate is the price quoted for immediate settlement on a commodity, a security or a currency. The spot rate, also referred to as the “spot price,” is the current market value of an asset at the moment of the quote.
Exchange rate entail delivery of trade currency within two business days know as spot rate. The spot rate is the price quoted for immediate settlement on a commodity, a security or a currency. The spot rate, also referred to as the “spot price,” is the current market value of an asset at the moment of the quote.