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?

AppendixLO1