Citibank holds $40 million in foreign exchange assets and $37 million in foreign exchange liabilities. Citibank also conducted foreign currency trading activity in which it bought $5 million in foreign exchange contracts and sold $11 million in foreign exchange contracts.
a. What is Citibank’s net foreign asset? (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