Question: The difference between the spot contract and a forward contract is that: the former is a contract to be settled immediately, and the latter is

 The difference between the spot contract and a forward contract is

The difference between the spot contract and a forward contract is that: the former is a contract to be settled immediately, and the latter is a contract to be settled at a future agreed-upon date. the former is a flexible price on the currency, and the latter is a fixed price. O the former has a fixed price but the contract can be settled at a later date, and the latter is a contract to be settled immediately. O the former is a derivative, and the latter is not a derivative

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