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Q:Question:Citibank holds ( $ 41 ) million in foreign exchange assets and ( $ 36 ) million in foreign exchange liabilities. Citibank also conducted foreign

Q:Question:Citibank holds $ \$ 41 $ million in foreign exchange assets and $ \$ 36 $ million in foreign exchange liabilities. Citibank also conducted foreign currency trading activity in which it bought $ \$ 6 $ million in foreign exchange contracts and sold $ \$ 12 $ 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 answerA:Answer:a: Net foreign assets = Assets - liabilities = $41...

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