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

question 80

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/$.

Over the past 500 days,the 25^th worst day for adverse exchange rate changes saw a change in the exchange rates of 0.78 percent for the Yen and 0.30 percent for the Swiss Franc.What is the expected VAR exposure on December 31?

• A)-$96,332.
• B)-$2,157,088.
• C)-$26,375,899.
• D)-$109,233.

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Definitions:

Renaissance Churches

Christian religious buildings that were constructed during the Renaissance, featuring architectural innovations and artistic embellishments inspired by classical antiquity.

Maderno's Design

The architectural plan by Carlo Maderno for the façade and extension of St. Peter's Basilica in Vatican City, which marked the transition from Renaissance to Baroque architecture.

Santa Susanna

A historic Catholic church in Rome, Italy, known for its Late Renaissance architecture and considered a titular church with a long history.

Pope Paul V

The head of the Roman Catholic Church and ruler of the Papal States from 1605 to 1621, known for his role in the Counter-Reformation and his support of the arts.