Question
Assume an FI holds a foreign exchange position of EUR 200 000 and further assume that the dollar per unit of EUR rate is $1.053/EUR.
Assume an FI holds a foreign exchange position of EUR 200 000 and further assume that the dollar per unit of EUR rate is $1.053/EUR. What is the dollar value of the position (round to two decimals)?
a.
$210 600.00
b.
EUR 189 933.52
c.
EUR 210 600.00
d.
$189 933.52
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Business And Personal Finance
Authors: McGraw-Hill
1st Edition
0078945801, 9780078945809
