Homework Answers
The correct answer is option d spot exchange rate.
The spot exchange rate is the rate at which a foreign exchange delear converts one currency into another currency on a particular day.
Options a and c are incorrect because on a particular day, only the exchange rate is fixed for an exchange in the future date.
Options b and e are incorrect because floating exchange rate and fixed exchange rate are not related to the conversion of currency on a particlar day.
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