The 'Spot Rate' Is

Multiple Choice

The 'spot rate' is:

A) The rate for delivery the next day of currencies to be exchanged.
B) The exchange rate for immediate delivery of currencies to be exchanged.
C) Only used in relation to metals - i.e., the spot metal price.
D) Can never be used in translating the accounts of foreign operations.
E) The exchange rate pre-specified in a forward rate agreement.