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Choose the correct balances in Bank A's correspondent account(s) with Bank B if a currency trader employed at Bank A buys 60,000 from a currency
Choose the correct balances in Bank A's correspondent account(s) with Bank B if a currency trader employed at Bank A buys 60,000 from a currency trader at Bank B for $90,000 using its correspondent relationship with Bank B. 1. Bank A's dollar-denominated liability account will rise by $90,000. II. Bank B's pound-denominated asset account will rise by 60,000. III. Bank A's pound-denominated asset account will fall by 60,000. O I only O ll only O lll only O I and II only None of the above answers
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