Citibank holds 39 million in foreign exchange assets and 33, Financial Management

Citibank holds 39 million in foreign exchange assets and 33

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

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Financial Management: Citibank holds 39 million in foreign exchange assets and 33

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Financial Management: Citibank holds 39 million in foreign exchange assets and 33

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