Question 1 Holt has obtained spot rate quotations from two banks in Thailand : Minzu Bank and Sobat Bank, both located in Bangkok, The bid and ask prices of Thai baht for each bank are displayed in the table below Minzu Bank Sobat Bank Bid 30.0137 0.0142 Ask 20.0138 190.0143 Determine whether the foreign exchange quotations are appropriate. It they are not appropriate, determine the profit you could generate by withdrawing 100,000 from Blades' checking account and engaging in arbitrage before the rates are adjusted. Locational Arbitrage Value 1. Buy Currency 2 Sell Currency 3 Pound Profit