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Business, 02.04.2020 01:01 andrew8228

The current exchange rate is £1.00 = $2.00. Compute the correct balances in Bank A's correspondent account(s) with Bank B if a currency trader employed at Bank A buys £45,000 from a currency trader at Bank B for $90,000 using its correspondent relationship with Bank B.

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The current exchange rate is £1.00 = $2.00. Compute the correct balances in Bank A's correspondent a...
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