P.J. Chase Stanley Bank holds $85 million in foreign exchange assets and $79 million in foreign exchange liabilities. P.J. Chase Stanley also conducted foreign currency trading activity in which it bought $175 million in foreign exchange contracts and sold $145 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 $ million