The spot exchange market is for ________ delivery, whereas a forward contract permits a firm to buy or sell currency for ________ delivery.
A. future; immediate
B. local; distant
C. immediate; future
D. long-term; short-term
Answer:C
The spot exchange market is for ________ delivery, whereas a forward contract permits a firm to buy or sell currency for ________ delivery.
A. future; immediate B. local; distant C. immediate; future D. long-term; short-term