What do we call an exchange rate requiring delivery of a traded currency within two business days?
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Exchange Rate
The value of one currency for the purpose of conversion to another. Exchange Rate means on any day, for purposes of determining the Dollar Equivalent of any currency other than Dollars, the rate at which such currency may be exchanged into Dollars...
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A spot rate is the exchange rate that requires delivery of the traded currency within two busi...View the full answer
Answered By
Jehal Shah
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Related Book For 
International Business The Challenges of Globalization
ISBN: 978-0133866247
8th edition
Authors: John Wild, Kenneth Wild
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