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Question 24 (5 points) Bank A quotes a bid rate of $0.020 and an ask rate of $0.023 for the Thai baht (THB). Bank B

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Question 24 (5 points) Bank A quotes a bid rate of $0.020 and an ask rate of $0.023 for the Thai baht (THB). Bank B quotes a bid rate of $0.024 and an ask rate of $0.026 for the baht. What will be the (approximate) profit for an investor who has $500,000 available to conduct arbitrage? 20,333 24,562 21,739 22,446

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