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Similar to Problem 3 (at the end of chapter) A foreign exchange trader with a U.S. bank took a short position of 6,083,993 when the
Similar to Problem 3 (at the end of chapter) A foreign exchange trader with a U.S. bank took a short position of 6,083,993 when the $/ exchange rate was 1.63. Subsequently, the exchange rate has changed to 1.67. Compute the change in the bank's liability (Note, if the liability increases.e.g.. by $2000, just enter "2000". If the liability decreases .e.g., by $2000. just enter "-2000". In other words, a positive number means "increase", a negative number indicates decrease. There is no need to use "S" before your answer. Additionally, please round your number to the nearest integer, no decimals needed)
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