Consider a U.S. MNC with three subsidiaries and the following foreign exchange transactions shown at left. Use MULTILATERAL netting to reduce the number of foreign exchange transactions. 
Definitions:
Spanish-American War
A conflict in 1898 between Spain and the United States, triggered by America's intervention in Cuba's struggle for independence.
Koreans
Individuals or peoples originating from Korea, a region in East Asia divided into two separate nations, North Korea and South Korea.
Los Angeles
A large and populous city in the state of California, United States, known for its significant influence on global entertainment, economy, and culture.
San Francisco
A major city in California, USA, known for its iconic Golden Gate Bridge, vibrant cultural scene, and significant historical role in the tech industry and social movements.
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