Citibank holds $39 million in foreign exchange assets and $33 million in foreign exchange liabilities. Citibank also conducted foreign currency trading activity in which it bought $4 million in foreign exchange contracts and sold $14 million in foreign exchange contracts.
a. What is Citibank’s net foreign assets? (Enter your answer in millions.)
Net foreign assets $ million
b. What is Citibank’s net foreign exchange bought? (Enter your answer in millions. Negative amount should be indicated by a minus sign.)
Net foreign exchange bought $ million
c. What is Citibank’s net foreign exposure? (Enter your answer in millions. Negative amount should be indicated by a minus sign.)
Net foreign exposure $ million