The following are the net currency positions of a U.S.FI (stated in U.S.dollars). $$\begin{array} { | l | l | r | r | r | }
\hline \text { Currency } & \text { Assets } & \text { Liabilities } & \text { FX Bought } & \text { FX Sold } \
\hline \text { British pound } & 24,600 & 70,000 & 170,400 & 321,000 \
\hline \text { Yen } & 31,000 & 20,400 & 250,000 & 220,000 \
\hline \text { Swiss franc } & 10,200 & 9,800 & 8,000 & 10,800 \
\hline
\end{array}$$ What is the FI's net exposure in the Swiss franc?
A)+2,400.
B)+400.
C)-2,800.
D)-2,400.
E)+3,200.

Question

The following are the net currency positions of a U.S.FI (stated in U.S.dollars). $$\begin{array} { | l | l | r | r | r | } 
\hline \text { Currency } & \text { Assets } & \text { Liabilities } & \text { FX Bought } & \text { FX Sold } \
\hline \text { British pound } & 24,600 & 70,000 & 170,400 & 321,000 \
\hline \text { Yen } & 31,000 & 20,400 & 250,000 & 220,000 \
\hline \text { Swiss franc } & 10,200 & 9,800 & 8,000 & 10,800 \
\hline
\end{array}$$ What is the FI's net exposure in the Swiss franc?
A)+2,400.
B)+400.
C)-2,800.
D)-2,400.
E)+3,200.

Quizplus · Accepted Answer

The FI's net exposure in the Swiss franc is calculated as (Assets - Liabilities + FX Bought - FX Sold) = (10,200 - 9,800 + 8,000 - 10,800) = -2,400.

The Following Are the Net Currency Positions of a U