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4) Consider the balance sheets of Bank A and Bank B. Bank A is in Milan, Bank B New York. The current exchange rate is
4) Consider the balance sheets of Bank A and Bank B. Bank A is in Milan, Bank B New York. The current exchange rate is 1.00 = $1.25. Show the correct balance each account if a currency trader employed at Bank A buys 100,000 from a curr trader at Bank B for $125,000 using its correspondent relationship with Bank B. Bank A (Milan) 000s Liabilities and Equity Assets OLD NEW OLD NEW B's Eurodollar 900 deposit deposit at Be 500 4) Consider the balance sheets of Bank A and Bank B. Bank A is in Milan, Bank B New York. The current exchange rate is 1.00 = $1.25. Show the correct balance each account if a currency trader employed at Bank A buys 100,000 from a curr trader at Bank B for $125,000 using its correspondent relationship with Bank B. Bank A (Milan) 000s Liabilities and Equity Assets OLD NEW OLD NEW B's Eurodollar 900 deposit deposit at Be 500
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