1. Based on the following quotes,
Bank A: $1.2 = €1
Bank B: €1.55 = £1
Bank C: $1.86 = £1
Is there an arbitrage opportunity?
Select one:
a. Yes.
b. No.
2. Based on the following information, is there an arbitrage opportunity? If yes, what is the arbitrage profit in terms of a percentage?
Bank A: $1.6=€1
Bank B: $1.5=€1
Select one:
a. Yes, 5.6%.
b. Yes, 6.15%.
c. No.
d. Yes, 6.67%.