A buyer and seller correspond upon the price of an item at the same time is called as the spot price.
What is the spot price?
The spot price is the present market price at which a particular asset, such as securities, product, or currency, can be bought or sold for immediate delivery.
This price is determined by the agreement made between the buyer and the seller, and it is determined by the mutual consent of both the parties.
Therefore, option B is correct.
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