A spot rate is

Question $3$Select one:

a$.$

a rate quoted today for an exchange of currencies to be settled within $2$ working days.

b$.$

a rate quoted today for an exchange of currencies to be settled at some future date.

c$.$

a rate quoted today for an exchange of currencies to be settled and subsequently the exchange of currencies to be reversed.

d$.$

the rate at which the central Bank will but currency on the market.