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Given the following exchange rates in the market, 0.8/$ and $1.20/, and a bank that offers 0.94/, which of the following is the proper process

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Given the following exchange rates in the market, 0.8/$ and $1.20/, and a bank that offers 0.94/, which of the following is the proper process to earn triangular arbitrage profits if you start with $: (Indicate the best answer and explain why it is correct.) a. $ to to to $ b. $ to to eto $ c. Both a and b d. The e is no triangular arbitrage profits

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