Question
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
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 $14 million in foreign exchange contracts.
What is Citibank's net foreign assets?(Enter your answer in millions.)
Net foreign assets ____________________$ million
2.What is Citibank's net foreign exchange bought?(Enter your answer in millions. Negative amount should be indicated by a minus sign.)
Net foreign exchange bought ______________________$ million
3.What is Citibank's net foreign exposure?(Enter your answer in millions. Negative amount should be indicated by a minus sign.)
Net foreign exposure __________________$ million
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