Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Please answer the question,and show steps, Thank you The exchange rate S(E/E) is 0.7024. A tradr for Bank A, located in New York, buys $7,324,500
Please answer the question,and show steps, Thank you
The exchange rate S(E/E) is 0.7024. A tradr for Bank A, located in New York, buys $7,324,500 from Bank B, located in London. The balance sheets for the two banks are below. Show how the balance sheets change after the transaction. 4. Bank A New York-US deposit at B S deposit at B Other assets Total Assets 123,579.000.00 B'sdeposits $97,472.,950.00 $87,421,876.00 $184,894,827.41 B's S deposits Other L&E Total L&E 102,356,873.00 $74,582,149.00 S33.450.000.00 $108.032.150.17 Bank B London-UK S deposit at A f deposit at A102.356.873.00 Other assets Total Assets 6,520.111.629.721,830.00 Total L&E8.521.268.380.206.010.00 $74,582,149.00 A's S deposits A's deposits Other L&E $97,472,950.00 123.,579,000.00 108,372,806.38 145,673.432.00 What is the value of Bank B S deposit in Bank A after the transaction? A. $104,797,450.00 B. $104,815,450.00 C. $67,257,649.00 D. 108,372,806.38 E. $145,673,432.00Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started