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A foreign exchange trader with a U.S. bank took a short position of 2,000,000 when the $/ exchange rate was 1.51. Subsequently, the exchange rate

A foreign exchange trader with a U.S. bank took a short position of 2,000,000 when the $/ exchange rate was 1.51. Subsequently, the exchange rate has changed to 1.46. By how much has the bank's liability changed because of the change in the exchange rate?

170000

180000

100000

160000

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