P.J. Chase Stanley Bank holds $84 million in foreign exchange assets and $80 million in foreign exchange liabilities. P.J. Chase
Stanley also conducted foreign currency trading activity in which it bought $174 million in foreign exchange contracts and sold $140 million in foreign exchange contracts. a. What is P.J. Chase Stanley’s net foreign assets? (Enter your answer in millions.) Net foreign assets $ million b. What is P.J. Chase Stanley’s net foreign exchange bought? (Enter your answer in millions.) Net foreign exchange bought $ million c. What is P.J. Chase Stanley’s net foreign exposure? (Enter your answer in millions.) Net foreign exposure
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