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Consider the balance sheets of Bank A and Bank B . Bank A is in London, Bank B is in New York. The current exchange
Consider the balance sheets of Bank A and Bank B Bank A is in London, Bank B is in New York. The current exchange rate is
Show the correct balances in each account if a currency trader employed at Bank A buys from a
currency trader at bank B for $ using its correspondent relationship with Bank B
Fill out the blank spaces above. YOU MUST USE CURRENCY SYMBOLS! or $
Your answers are worth less points if they do not include currency symbols
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