Question: 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
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 8. A Bank A's doiardermited account at I will fall by $90,000 Bark's dollar-nominated account at A will rise by $90,000 Bank As pendent actuat a wise by 145,000 DNI these correct
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