A financial market exists where individuals engage in the buying and selling of tangible financial instruments, specifically currencies, with the expectation of a two-day delivery. This market is known as the spot market. It serves as a hub for global currency exchange, allowing investors to speculate on the fluctuations of different currencies and capitalize on potential profit opportunities. As a knowledgeable professor in the field of finance, I encourage you to explore the intricacies of this market and its impact on the global economy.
