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Use the following information for questions
A London based firm has a subsidiary located in New York.The subsidiary has $1,000 in assets, $750 in liabilities and $250 in equity.The current spot rate is $1.60/£.
-What is the U.S.firm's net exposure?


Definitions:

Social Roles

Expected behaviors, duties, and rights associated with a particular social status or position within a group or society.

Prison Guards

Individuals responsible for the supervision, safety, and security of prisoners in a jail, prison, or other correctional facility.

Darley And Latane

Social psychologists known for their research on the bystander effect, demonstrating that the presence of others influences an individual's likelihood to help.

Number Of Witnesses

A factor in social psychology that influences the likelihood of individuals to help in an emergency, part of the bystander effect.

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