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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 rate
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 Euro 1.00 = $1.0500. Show the correct balances in each account if a currency trader employed at Bank A buys Euro 160,000 from a currency trader at bank B for $168,000 using its correspondent relationship with Bank B. Fill out the 14 blank spaces above. YOU MUST USE CURRENCY SYMBOLS! Euro or $! Your answers are worth less points if they do not include currency symbols ($, Euro)
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