A spot transaction in the foreign exchange market involves the
A. exchange of exports and imports at a specified future date.
B. exchange of bank deposits at a specified future date.
C. immediate (within two days) exchange of exports and imports.
D. immediate (within two days) exchange of bank deposits.
Answer:D
A spot transaction in the foreign exchange market involves the
A. exchange of exports and imports at a specified future date.
 B. exchange of bank deposits at a specified future date.
 C. immediate (within two days) exchange of exports and imports.
 D. immediate (within two days) exchange of bank deposits.
