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Which of the following describes a 'spot rate' in foreign currency dealing?

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Which of the following describes a 'spot rate' in foreign currency dealing?

A.

It is a short term rate that may change in the immediate future

B.

It is the price for a currency that is to be delivered immediately

C.

It is the exchange rate minus any commissions or transactions charges

D.

It is the exchange rate minus the inflation rate

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TESTED 05 Aug 2025