Question: 3) The current exchange rate is 1.00 = $2.00. Compute the correct balances in Bank A's correspondent account(s) with Bank B if a currency trader

 3) The current exchange rate is 1.00 = $2.00. Compute the

3) The current exchange rate is 1.00 = $2.00. Compute the correct balances in Bank A's correspondent account(s) with Bank B if a currency trader employed at Bank A buys 45,000 from a currency trader at Bank B for $90,000 using its correspondent relationship with Bank B. Bank A's Dollar account with bank B will decrease by $90,000. Bank A's Pound account with bank B will increase by 45,000

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