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Question
On December 31, 2001 Historic Bank had long positions of 200,000,000 Japanese Yen and 50,000,000 Swiss Francs. The closing exchange rates were ¥92/$ and Swf1.89/$.
What were the respective positions of the two currencies in dollars?
A. $2,173,913 and $94,500,000.
B. $18,400,000,000 and $26,455,026.
C. $2,173,913 and $26,455,026.
D. $18,400,000,000 and $94,500,000.
E. None of the above.
Answer
This answer is hidden. It contains 137 characters.
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