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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 euro1.00 = $1.0500. Show the correct balances in each account if a currency trader employed at Bank A buys 160,000 from a currency trader at bank B for $168,000 using its correspondent relationship with Bank B. Fill out the 14 blank spaces above. YOU MUST USE CURRENCY SYMBOLS! euro or S! Your answers are worth less points if they do not include currency symbols ($, euro)
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