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In spot market sale and purchase of foreign currency is settled on a specified future date.

+2 votes

asked Sep 23, 2018 in Class 12 by kratos

Are the statements true or false? Give reasons.

In spot market sale and purchase of foreign currency is settled on a specified future date.

introduction to financial markets
class-10
icse
class-12
concept of marketing and marketer
money market

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1 Answer

+3 votes

answered Jul 8, 2020 by kratos

Best answer

False. In spot market sale and purchase of foreign currency is settled immediately.

NOTE: As per CBSE guidelines, no marks will be given if reason to the answer is not explained.

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