Given the quotes in the following table, please answer the next 9 questions Bank A Bank B Bank C BID 2.0558 AUD/ 2.0559 AUDIE 2.0561 AUD/E ASK 2.0561 AUD/E 2.0563 AUD/ 2.0566 AUDVE Bank X Bank Y Bank z BID 1.3112 AUD/S 1.3113 AUD/S 1.3111 AUD/S ASK 1.3116 AUDIS 1.3115 AUD/S 1.3113 AUD/S Bank o Bank P Bank BID 0.6135 t/S 0.6141 /S 0.6132 L/S ASK 0.6138 / 0.6143/ 0.6139 E/S If you have and need to change it to AUD directly (without any other currency involved), you should choose (Q #25). Because that bank has the (QW26) (Q126) price for your L. 25. a. Bank A: b. Bank B c. Bank d any bank c. none of these banks. a highest bid, b. highest ask; c. lowest bid; d. lowest ask; e, none is correct 26. 27. If you have 10,000 AUD, Bank (choose from X, Y, and Z) would give you s which is the highest amount possible among the three banks providing AUD/S quotes XS 7.626.60 c. 2, $ 7.626.02 d. Z: $ 7.627.18 e. None is correct. b. Y; $ 7.626.02 28 If you have $100,000 and you would like to engage in locational arbitrage, against which currency can you make some profit? A. AUD B. C. none is correct 29. In order for you to make a profit on the locational arbitrage (in previous question), you would sell your Sto Bank first; then, buy back from Bank your net profit would be s a. X; Z; $4.88 c.2X: $48.88 e. P: 0, $48.88 b. O, P, $4.88 d. no arbitrage possible