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.
Correct Answer:
Verified
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