[originaltext] Spot transaction means the actual and variable amount of the

Spot transaction means the actual and variable amount of the currency of one country which at any given time, can be bought for a fixed sum in the currency of another country. It is a term meaning that these transactions are settled on the second working day from the date of the deal. For example , you buy $ 5 ,000. 00 US dollars on October 10th(say Wednesday), the purchased US dollars will value on October 12th .
21. What does spot transaction mean?
22. When are the spot transaction settled?
23. What’ s the value date for purchase of $ 5 ,000. 00 US dollars in the passage?