Suppose that you live in the U.S. The interest rate in the US is currently 1 % for a 1 year certificate of deposit in an AAA rated U.S. bank. The interest rate in Europe is 2% in Euros for a 1 year certificate of deposit in an AAA rated European bank. Your financial advisor recommends that you convert U.S. dollars to Euros and invest in the European certificate of deposit to increase your interest earnings by 1%. Your advisor says that this is an arbitrage opportunity. Is this correct? Why or why not? Explain.