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proctor. you begin writing the examination. If you are using Proctoru, any scrap paper used must be destroyed in front of the eets paper to

proctor. you begin writing the examination. If you are using Proctoru, any scrap paper used must be destroyed in front of the eets paper to use during this examination, you must present it to the invigilator/proctor for KK1234567>> Question 4 of 29 /3 marks Consider the following scenario: Currently, you have a bank account that has $6,000, earning an interest rate of 5% per year. At the same time, you have an unpaid balance on your credit card of $4,000 on which you are paying a rate of interest 19%. If the time frame is one year, the arbitrage opportunity you face is a. $840. b. $300. c. $760. d. $560, Save Answer /3 marks

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