Citibank holds $23 million in foreign exchange assets and $18 million in foreign exchange liabilities. Citibank also conducted foreign currency trading activity in which it bought $5 million in foreign exchange contracts and sold $12 million in foreign exchange contracts.

a. What is Citibank’s net foreign assets?

Net Foreign Assets: $5 millionb. What is Citibank’s net foreign exchange bought?Net Foreign Exchange Bought: $

-7

million

Note: Enter your answer in millions. Negative amount should be indicated by a minus sign.

c. What is Citibank’s net foreign exposure?

Net Foreign Exposure: $-2Note: Enter your answer in millions. Negative amount should be indicated by a minus sign.

asked by guest
on Nov 14, 2024 at 7:15 pm



Mathbot Says...

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