The Current Exchange Rate Is £1

question 81

Multiple Choice

The current exchange rate is £1.00 = $2.00.Compute the correct balances in Bank A's correspondent account(s) with bank B if a currency trader employed at Bank A buys £45,000 from a currency trader at bank B for $90,000 using its correspondent relationship with Bank B)

• A)Bank A's dollar-denominated account at B will rise by $90,000.
• B)Bank B's dollar-denominated account at A will fall by $90,000.
• C)Bank A's pound-denominated account at B will rise by £45,000.
• D)Bank B's pound-denominated account at A will rise by £45,000.

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Definitions:

Cessation

The action of bringing or coming to an end; a halt.

Teen Birthrate

Teen birthrate refers to the number of live births per 1,000 females within the age group of 15-19 years in a given population.

Ethnic Group

A community or population made up of people who share a common cultural background, ancestry, history, language, or social experiences.

U.S. Population

The total number of people living in the United States, encompassing various ethnicities, cultures, and socio-economic groups.