On December 31, 2015 Historic Bank Had Long Positions of 200,000,000

question 37

Multiple Choice

On December 31, 2015 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 options.

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Definitions:

Diagnostic Criterion

A specific symptom or characteristic used as part of a set of criteria to identify and diagnose a particular disease or disorder.

Bipolar II Disorder

Form of bipolar disorder in which only hypomanic episodes are experienced and the depressive component is more pronounced.

Hypomania

State in which an individual shows mild symptoms of mania.

Hypermania

A severe form of mania characterized by excessive energy, euphoria, grandiosity, and a decreased need for sleep.