Question
Citibank holds $35 million in foreign exchange assets and $31 million in foreign exchange liabilities. Citibank also conducted foreign currency trading activity in which it
Citibank holds $35 million in foreign exchange assets and $31 million in foreign exchange liabilities. Citibank also conducted foreign currency trading activity in which it bought $6 million in foreign exchange contracts and sold $12 million in foreign exchange contracts.
1. | What is Citibanks net foreign assets? (Enter your answer in millions.) Net foreign assets ____________________$ million
2. What is Citibanks net foreign exchange bought? (Enter your answer in millions. Negative amount should be indicated by a minus sign.) Net foreign exchange bought ______________________$ million
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