Can you please explain why the answer for (d) and (f) are as they are from the questions below? I don't get the working -

1.The following are the foreign currency positions of an FI, expressed in dollars.

Currency Assets LiabilitiesFX BoughtFX Sold

Swiss franc (SF)$125,000$50,000$10,000$15,000

British pound () 50,00022,00015,00020,000

Japanese yen () 75,00030,00012,00088,000

d.What is the expected loss or gain if the SF exchange rate appreciates by 1 percent?

If assets are greater than liabilities, then an appreciation of the foreign exchange rates will generate a gain = $70,000 x 0.01 = $7,000.

f.What is the expected loss or gain if the exchange rate appreciates by 2 percent?

Loss = -$31,000 x 0.02 = -$6,200