Question: Question 31 1 points Save Answer The current exchange rate is 1.00 = $2.00. Bank America and Bank Britannia have a correspondent banking relationship. If
Question 31 1 points Save Answer The current exchange rate is 1.00 = $2.00. Bank America and Bank Britannia have a correspondent banking relationship. If an American account holder at Bank America asks the bank to make a payment of 45,000 to a British company using the funds the American has in his dollar-denominated account, what are the changes to the parties' banking accounts? Assume the British company banks with Bank Britannia. O a. The American account holder's account at Bank America will fall by $90,000 b, Bank America's account at Bank Britannia will fall by 45,000. c. The British company's account at Bank Britannia will rise by 45,000 d. All of the above
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