If today's date is 26 July, 2018, what is the spot date? Select one: a. 26 July, 2018 b. 31 July, 2018 c. 28 July, 2018 d. 30 July, 2018

To determine the spot date from today’s date, we understand that the spot date typically refers to the date on which a transaction is settled. In the case of foreign exchange transactions, the spot date is usually two business days from the transaction date.

Step 1: Identify Today's Date

• Today's date is 26 July 2018.

Step 2: Consider Business Days

• We will exclude weekends and any holidays that may fall within this period. Since 26 July is a Thursday, we look at what the date will be two business days later:
  • 27 July (Friday) is the first business day.
  • 28 July (Saturday) is not a business day.
  • 29 July (Sunday) is not a business day.
  • 30 July (Monday) will be the second business day.

Step 3: Calculate the Spot Date

• Therefore, the spot date from today's date (26 July 2018) is 30 July 2018.

Final Answer

The spot date is 30 July 2018 (Option d).