FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

help please Required: A foreign exchange trader with a U.S. bank took a short position of 5,000,000 when the $/ exchange rate was 1.28 .

help please
image text in transcribed
Required: A foreign exchange trader with a U.S. bank took a short position of 5,000,000 when the $/ exchange rate was 1.28 . Subsequently, the exchange rate has changed to 1.34 , 15 this movement in the exchange rate good from the point of view of the position taken by the trader? By how much has the bank's liability changed because of the change in the exchange rate

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Bankers Handbook On Credit Management

Bankers Handbook On Credit Management

Authors: Indian Institute Of Banking & Finance

1st Edition

9387957853, 978-9387957855

More Books

Students also viewed these Finance questions

Question

★★★★★
What is the rationale for accounting for nonexpendable endowment funds on a full, rather than a modied, accrual basis? Why is it important that depreciation be charged on long-term assets held as...

Answered: 1 week ago

Question

★★★★★
Lenvil Miller owed $2,501.61 to the Star Bank of Cincinnati. Star Bank referred collection of Millers account to Payco-General American Credits, Inc. (Payco), a debt collection agency. Payco sent...

Answered: 1 week ago

Question

★★★★★
=+3440). The energy content (cal/g) of three sizes (4 mm or less, 57 mm, and 810 mm) of serviceberries was studied. Let m1 , m2 , and m3 denote the true energy content for

Answered: 1 week ago

Question

★★★★★
The fund balance sheet of Sundown State University, a public institution, is presented on the next page. For purposes of external reporting, the university has opted to report as a special-purpose...

Answered: 1 week ago

Question

★★★★★
help please Required: A foreign exchange trader with a U.S. bank took a short position of 5,000,000 when the $/ exchange rate was 1.28 . Subsequently, the exchange rate has changed to 1.34 , 15 this...

Answered: 1 week ago

Question

★★★★★
Please Please answer the question, URGENT Identify and explain the threats to independence and objectivity in each of the two independent situation and provide safeguard(s) to address the threats....

Answered: 1 week ago

Question

★★★★★
Blue Lagoon Corporation provides low-cost food delivery services to senior citizens. At the end of the year on December 31 , 2024, the company reports the following amounts: In addition, the company...

Answered: 1 week ago

Question

★★★★★
Jamie Lee Jackson, age 25, a busy full-time student and part-time bakery clerk, has been trying to organize her priorities, including her budget. She has been wondering if she is allocating enough of...

Answered: 1 week ago

Question

★★★★★
Customer Service E-mail You recently paid $250 to Keller & Jenkins for adding a provision in your will to establish a scholarship endowment at your alma mater. While eating lunch in a crowded...

Answered: 1 week ago

Question

★★★★★
1. When a member with a minority interest in an LLC acquires enough ownership interests in the LLC to hold a majority interest: a. a change of ownership occurs b. reassessment of the entire parcel of...

Answered: 1 week ago

Question

★★★★★
13) On December 31, 2023, Vivid Corporation prepared adjusting entries that included the following items: Depreciation expense: $43,400. Accrued sales revenue: $40,600. Accrued expenses: $16,800....

Answered: 1 week ago

Question

★★★★★
D What is your opinion on Gribbens new edition? Are his editorial changes sensitive and helpful, or is he sanitizing history?

Answered: 1 week ago

Question

★★★★★
Think back to where you grew upwhether in the United States or abroad. Are there any terms that you use that would cause confusion to others who speak your native tongue? Have you ever been in a...

Answered: 1 week ago

Question

★★★★★
Consider the various situations you find yourself in over the course of a given dayat home, in the classroom, at a student activity, on the job, and so on. Do you have different speech repertoires...

Answered: 1 week ago

Previous Question Next Question