Citibank holds $$33$ million in foreign exchange assets and $$26$ million in foreign exchange liabilities. Citibank also conducted foreign currency trading activity in which it bought $$4$ million in foreign exchange contracts and sold $$14$ million in foreign exchange contracts. What is Citibank$’$s net foreign exposure?

Answer rating: 100% (QA)

To calculate Citibanks net foreign exposure we need to subtract its foreign exchange liabiliti... View the full answer