7.Large commercial banks maintain demand deposit acoounts with one another, which facilates the efticient functaning of tho FX m shoct Biank A is in London. Bank B is in New York. The current exchange rate is g1:00=$1.25. A currency trader employed at Bank A buys f.320m from a currency trader at Bank If for 3400 setted using ils oorrowpondent relatoonhip. The folowing is the balince sheet of Bank. A and whow the bolance aheef ather the above transthctions happened Bank A (London) 0005