Question 20 3 pts Assume the following bid and ask rates of the pound for two banks as shown below: Bid Ask Bank A $1.41 $1.42 Bank B $1.39 $1.40 As locational arbitrage occurs: the bid rate for pounds at Bank A will increase the ask rate for pounds at Bank B will decrease. the bid rate for pounds at Bank A will decrease the ask rate for pounds at Bank B will decrease. the bid rate for pounds at Bank A will decrease the ask rate for pounds at Bank B will increase. OF the bid rate for pounds at Bank A will increase the ask rate for pounds at Bank B will increase