Question
Spot transaction
Answer :
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A spot transaction in international business finance refers to the purchase or sale of a foreign currency or asset for immediate delivery and settlement. This type of transaction typically occurs within two business days from the trade date, although some currencies may settle on the same day. In a spot transaction, the exchange rate at the time of the agreement is called the "spot rate," which determines the amount of foreign currency to be exchanged for the domestic currency.
Spot transactions are commonly used in the foreign exchange (forex) market,
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