wiz-icon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Byju's Answer
Standard XII
Economics
Fixed Exchange Rate System
Very Short An...
Question

Very Short Answer Type Questions:
What is meant by spot exchange rate?

Open in App
Solution

The rate of exchange, which prevails in the spot market at the time when foreign currency is bought and sold, is termed as spot exchange rate.

flag
Suggest Corrections
thumbs-up
0
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Exchange Rate Systems
ECONOMICS
Watch in App
explore_more_icon
Explore more
Fixed Exchange Rate System
Standard XII Economics
Join BYJU'S Learning Program
book_image
AI Tutor
book_image
Textbooks
book_image
Question Papers
book_image
Install app
CrossIcon