Suppose that canterbury bank has a net short position in us


Question: Suppose that Canterbury Bank has a net short position in U.S. dollars of $8 million, dollar-denominated liabilities of $115 million, U.S. dollar purchases of $268 million, and dollar sales of $173 million. What is the current value of the bank's dollar-denominated assets? Suppose the U.S. dollar's exchange value rises against the pound. Is Canterbury likely to gain or lose? Why?

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Finance Basics: Suppose that canterbury bank has a net short position in us
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