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Q:Question: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

Q:Question: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 Citibank�s net foreign assets? b) What is Citibank�s net foreign exchange bought? c) What is Citibank�s net foreign exposure?A:Answer:See a step by step answer

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