5 Questions
Which term refers to the immediate exchange of bank deposits in the foreign exchange market?
Spot transaction
What is the price of one currency in terms of another called?
Spot exchange rate
What is a contract in which one party borrows one currency from, and simultaneously lends another to, the second party called?
FX Swap agreement
What is the exchange rate determined in the foreign exchange market for immediate exchange of bank deposits called?
Spot exchange rate
What is the exchange rate determined in the foreign exchange market for future exchange of bank deposits called?
Forward exchange rate
Test your knowledge on the foreign exchange market and exchange rates in this quiz for Class 11. Learn about factors affecting exchange rates and understand how the market works.
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