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Exercise #2: Consider the following quotes from three different banks: Bid 1,10 Bank Bank A Bank B Bank C Currencies EUR/USD GBP/USD GBP/EUR Ask 1,12

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Exercise #2: Consider the following quotes from three different banks: Bid 1,10 Bank Bank A Bank B Bank C Currencies EUR/USD GBP/USD GBP/EUR Ask 1,12 1,32 1,12 1,29 1,10 What is the best alternative to buy USD? What is the best alternative to sell USD? What is the best alternative to buy EUR? What is the best alternative to sell EUR? What is the best alternative to buy GBP? What is the best alternative to sell GBP? Can you identify any arbitrage opportunities

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