An international bank's net position in a foreign currency is measured by the difference between the volume of that currency purchased and the volume of that currency sold.

Name: An international bank's net position in a foreign currency is measured by the difference between the volume of that currency purchased and the volume of that currency sold.
Brand: Quizplus
Rating: 5.0 (51 reviews)

Question

Quizplus · Accepted Answer

This is correct. The net position in a foreign currency is calculated by subtracting the volume of currency sold from the volume of currency purchased.

An International Bank's Net Position in a Foreign Currency Is