The Current Exchange Rate Is €1

question 62

Multiple Choice

The current exchange rate is €1.00 = $1.50. Compute the correct balances in Bank A's correspondent account(s) with Bank B if a currency trader employed at Bank A buys €100,000 from a currency trader at Bank B for $150,000 using its correspondent relationship with Bank

• A)Bank A's dollar-denominated account at B will fall by $150,000.
• B)
• B) Bank B's dollar-denominated account at A will fall by $150,000.
• C) Bank A's pound-denominated account at B will fall by €100,000.
• D) Bank B's pound-denominated account at A will rise by €100,000.

---

Definitions:

Seminoma

A type of testicular cancer that arises from sperm-producing cells, known for its responsiveness to radiation therapy.

Testis

One of the two male reproductive glands that produce sperm and secrete hormones, including testosterone.

Medulloblastoma

A type of brain tumor that originates in the cerebellum, most commonly affecting children.

Medull/o

A prefix in medical terminology related to the medulla, the innermost part of an organ or structure.