Question: What is the difference in purpose between spot trades and FX swaps?a . Spot trades are used for immediate exchange of currencies, while FX swaps

What is the difference in purpose between spot trades
and FX swaps?a.Spot trades are used for immediate exchange of currencies, while FX swaps are
used for deferred exchange.
b.Spot trades and FX swaps have the same purpose and are used interchangeably
c.Spot trades are used for deferred exchange of currencies, while FX swaps are used
for immediate exchange.

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