Suppose Strayer Bank is a U.S.-based financial intermediary that serves the foreign exchange market. Assume that this Bank is willing to both purchase and sell currency for the same rate. In other words, there is no bid/ask spread. Suppose Strayer has made the following direct quotations: Additionally, Strayer has quoted a cross-exchange rate of I euro =3.03 pesos. Based on the spot rates in the table, the cross-exchange rate of the euro should be equal to pesos, rather than the 3.03 pesos per euro that the bank is quoting