24-89 at the End of the Year,LIBOR Is 4 Percent

question 21

Multiple Choice

24-89 At the end of the year,LIBOR is 4 percent and the exchange rate is $1.50/£.What is the net payment paid or received in dollars by the U.S.bank?

• A)The U.S.bank paid $12 million and received $8 million for a net payment of $4 million.
• B)The U.S.bank paid $12 million and received $10 million for a net payment of $2 million.
• C)The U.S.bank paid $12 million and received $12 million for a net receipt of $0 million.
• D)The U.S.bank paid $12 million and received $14 million for a net receipt of $2 million.
• E)The U.S.bank paid $12 million and received $16 million for a net receipt of $4 million.

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Hardware components used to enter data and instructions into a computer system, such as keyboards, mice, and scanners.