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Suppose you see the following bid/ask quotes for various currencies: Asset Bid Ask $1.180 $1.185 $1.345 $1.350 1.140 1.145T What is the triangular arbitrage opportunity?

Suppose you see the following bid/ask quotes for various currencies:

Asset Bid Ask
$1.180 $1.185
$1.345 $1.350
1.140 1.145T

What is the triangular arbitrage opportunity?

Group of answer choices

Either (b) or (c) result in an arbitrage opportunity

Convert Dollars to Pounds, Pounds to Euros, Euros to Dollars.

Three is no triangular arbitrage opportunity

Convert Dollars to Euros, Euros to Pounds, Pounds to Dollars.

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