P.J. Chase Stanley Bank holds $75 million in foreign exchange assets and $68 million in foreign exchange liabilities. P.J. Chase Stanley also conducted foreign currency trading activity in which it bought $165 million in foreign exchange contracts and sold $128 million in foreign exchange contracts. ( LG 9-6 )
a. What is P.J. Chase Stanley’s net foreign assets?
b. What is P.J. Chase Stanley’s net foreign exchange bought?
c. What is P.J. Chase Stanley’s net foreign exposure?
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