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Assume the following information: PriceofNewZealanddollarBankA$.305BankB$.306 Glven this information, is locational arbitrage possible? If yes, how do you arbitrage? A. no B. yes; buy New Zealand

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Assume the following information: PriceofNewZealanddollarBankA$.305BankB$.306 Glven this information, is locational arbitrage possible? If yes, how do you arbitrage? A. no B. yes; buy New Zealand dollar from Bank A and then sell it to Bank B C. yes; buy New Zealand dollar from Bank B and then sell it to Bank A

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