Question: 48) A spot transaction in the foreign exchange market involves the A) exchange of exports and imports at a specified future date. B) exchange of

48) A spot transaction in the foreign exchange market involves the

48) A spot transaction in the foreign exchange market involves the A) exchange of exports and imports at a specified future date. B) exchange of bank deposits at a specified future date. C) immediate (within two days) exchange of exports and imports. D) immediate (within two days) exchange of bank deposits. (49) When the value of the British pound changes from $1.50 to $1.25, the pound has

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