Assume the following information:

Marcus Bank Truist Bank

Bid price of Fijian dollar $$0\mathrm{.}43$ $$0\mathrm{.}45$

Ask price of Fijian dollar $$0\mathrm{.}44$ $$0\mathrm{.}46$

Given this information, is locational arbitrage possible? If so$,$ explain the steps involved in locational arbitrage, and compute the profit from this arbitrage if you had $$300,000$ to use.

Question $10$ options:

I could purchase Fijian dollars at Marcus Bank for $$0\mathrm{.}43$ and sell them to Truist Bank for $$0\mathrm{.}46.$ With $$300,000$ available, my profit will be $$9,000.$

I could purchase Fijian dollars at Marcus Bank for $$0\mathrm{.}44$ and sell them to Truist Bank for $$0\mathrm{.}45.$ With $$300,000$ available, my profit will be $$6,818\mathrm{.}18.$

I could purchase Fijian dollars at Marcus Bank for $$0\mathrm{.}44$ and sell them to Truist Bank for $$0\mathrm{.}45.$ With $$300,000$ available, my profit will be $$3,000.$

I could purchase Fijian dollars at Marcus Bank for $$0\mathrm{.}43$ and sell them to Truist Bank for $$0\mathrm{.}46.$ With $$300,000$ available, my profit will be $$20,390\mathrm{.}23.$