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Q1.) Citibank holds $23 million in foreign exchange assets and $18 million in foreign exchange liabilities. Citibank also conducted foreign currency trading activity in which

Q1.) Citibank holds $23 million in foreign exchange assets and $18 million in foreign exchange liabilities. Citibank also conducted foreign currency trading activity in which it bought $5 million in foreign exchange contracts and sold $12 million in foreign exchange contracts.

a) What is Citibanks net foreign assets?

b) What is Citibanks net foreign exchange bought?

c) What is Citibanks net foreign exposure?

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