Question: The difference between a spot contract and a forward contract is that a The spot contract has a fixed price on the currency, and the

The difference between a spot contract and a forward contract is that

a The spot contract has a fixed price on the currency, and the forward contract has a flexible price.

b The spot contract is a contract to be settled immediately, and the forward contract is a contract to be settled at a future agreed-upon date.

c The spot contract is a derivative, and the forward contract is not a derivative.

d The spot contract has a fixed price but the contract can be settled at a later date, and the forward contract is a contract to be settled immediately.

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