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b) The following are the foreign currency positions of an FI, expressed in dollars. Currency Assets Liabilities FX Bought FX Sold British pound ()32,70028,50019,50022,200 i.

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b) The following are the foreign currency positions of an FI, expressed in dollars. Currency Assets Liabilities FX Bought FX Sold British pound ()32,70028,50019,50022,200 i. What is the Fl's net exposure in the British pounds ( ) ? [2 marks] ii What is the expected loss or gain if the( ( ) exchange rate depreciates by 2 percent? [ 2 marks]

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