A. spot contract
B. forward contract
C. future contracts
D. present contract
✅ The correct answer is option A.
Type of contract which involves immediate exchange of funds and assets is classified as spot contract. A spot contract is a document that has a purchase or sale of a currency, security, or commodity for quick delivery and payment for the spot date, which is around two days after the trade date.
Type of contract which involves immediate exchange of funds and assets is classified as spot contract. A spot contract is a document that has a purchase or sale of a currency, security, or commodity for quick delivery and payment for the spot date, which is around two days after the trade date.