Assume you discovered an opportunity for locational arbitrage involving two banks and have taken advantage of it$.$ Because of your and other arbitrageurs' actions, the following adjustments must take place.

Select one:

A and $C$

One bank's ask price will rise and the other bank's bid price will fall

One bank's ask price will fall and the other bank's bid price will rise.

One bank's bid$/$ask spread will widen and the other banks bid price will fall