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Citibank holds 23 million in foreign exchange assets and 18

Question: 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?

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Finance Basics: Citibank holds 23 million in foreign exchange assets and 18

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Finance Basics: Citibank holds 23 million in foreign exchange assets and 18

Reference No:- TGS02428380

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