A spot transaction occurs when one currency is: - 1479

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  • Posted on: Tue 13 Mar, 2012
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Request Description

A spot transaction occurs when one currency is:

          a.   deposited in a foreign bank.

          b.   immediately exchanged for another currency.

          c.   exchanged for another currency at a specified price.

          d.   traded for another at an agreed-upon future price.

Solution Description

A spot transaction occurs when one currency is: