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P.J. Chase Stanley Bank holds $78 million in foreign exchange assets and $72 million in foreign exchange liabilities. P.J. Chase Stanley also conducted foreign currency

P.J. Chase Stanley Bank holds $78 million in foreign exchange assets and $72 million in foreign exchange liabilities. P.J. Chase Stanley also conducted foreign currency trading activity in which it bought $168 million in foreign exchange contracts and sold $145 million in foreign exchange contracts.

a. What is P.J. Chase Stanley

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