Problem: Bank X quotes a bid rate of$0.025 and an ask rate of$0.028 for the Thai baht (THB). Bank Y quotes a bid rate of $0.029 and an ask rate ofS0.030 for the baht. A5 a result of realignment of exchange rates due to locational arbitrage. Bank Y's bid rate will adjust to exactly:
- $0.028.
- $0.025.
- $0.030.
- $0.029.
- None of the above