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Q:Question:Citibank holds $42 million in foreign exchange assets and $39 million in foreign exchange liabilities. Citibank also conducted foreign currency trading activity in which it

Q:Question:Citibank holds $42 million in foreign exchange assets and $39 million in foreign exchange liabilities. Citibank also conducted foreign currency trading activity in which it bought $7 million in foreign exchange contracts and sold $14 million in foreign exchange contracts. A. What is Citibank's net foreign assets? B. What is Citibank's net foreign exchange bought? C. What is Citibank's net foreign exposure?A:Answer:Answer: A) Net foreign assets = foreign exchange a...

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