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  3. 12th Class
  4. Economics
  5. Foreign Exchange Rate

12th Class Economics Foreign Exchange Rate Question Bank MCQs - Foreign Exchange Rate

  • question_answer
    The form of exchange market in which delivery of currency happens on the same day is known as

    A) Spot market 

    B) Forward market

    C) Foreign exchange market

    D) None of the above

    Correct Answer: A

    Solution :

    In spot market, exchange of currency happens on the spot i.e., buying of currency and delivery happens on the same day.


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