The following types of FX market transactions are common except:

Multiple Choice

• forex market transactions settled on the same day.

• spot transactionswhere the exchange rate is determined today but delivery occurs in two business days.

• forward transactionswhere the FX contract value date occurs at a specified date beyond the spot date and the exchange rate is set today and delivered in the specified future date.

• tod transactionsan FX contract with settlement and delivery today.