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Q:Question:Citibank holds $38 million in foreign exchange assets and $34 million in foreign exchange liabilities. Citibank also conducted foreign currency trading activity in which it

Q:Question:Citibank holds $38 million in foreign exchange assets and $34 million in foreign exchange liabilities. Citibank also conducted foreign currency trading activity in which it bought $9 million in foreign exchange contracts and sold $18 million in foreign exchange contracts. a. What is Citibank�s net foreign assets? (Enter your answer in millions.) Net foreign assets $ million b. What is Citibank�s net foreign exchange bought? (Enter your answerA:Answer:a). Net Foreign Assetsi = FX Assetsi - FX Liabilit...

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