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3. The Bear Co. is a UK subsidiary of the Street Co, a US based MNC. The Bull company is a Germany-based co., and is
3. The Bear Co. is a UK subsidiary of the Street Co, a US based MNC. The Bull company is a Germany-based co., and is also a subsidiary of the Street Co. Bear owes EUR20,000 to Bull; Bull owes Street GBP10,000. The exchange rate is EUR1.20=GBP1.00. Through bilateral netting, instead of two transfers of funds, a single transfer of_______________ is made from Bull to Bear. A. GBP30,000 B. EUR30,000 C. EUR20,000 D. GBP20,000
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