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Q:Question:Citibank holds $40 million in foreign exchange assets and $37 million in foreign exchange liabilities. Citibank also conducted foreign currency trading activity in which it

Q:Question:Citibank holds $40 million in foreign exchange assets and $37 million in foreign exchange liabilities. Citibank also conducted foreign currency trading activity in which it bought $5 million in foreign exchange contracts and sold $11 million in foreign exchange contracts. a. What is Citibank�s net foreign assets? (Enter your answer in millions.) b. What is Citibank�s net foreign exchange bought? (Enter your answer in millions. Negative amountA:Answer:a) Net foreign assets of CITI bank = Net foreign a...

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