The current exchange rate is 1.00 = $1.50. Choose the correct balances in Bank A's correspondent account(s) with Bank B if a currency trader employed at Bank A buys 60,000 from a currency trader at Bank B for $90,000 using its correspondent relationship with Bank B. I. Bank A's dollar-denominated liability account will rise by $90,000. II. Bank B's pound-denominated asset account will rise by 60,000. Bank A's pound-denominated asset account will fall by 60,000. a) I only d) I and II only b) II only e) None of the above answers c) III only