The dollar-euro exchange rate is quoted as $1.60/euro, the dollar-pound exchange rate is quoted at $2.00/pound, and the euro-pound exchange rate is quoted as 1.15 euro/pound. Which of the following strategies will enable to earn arbitrage profit?"

		There is no arbitrage opportunity.
		"Start with dollars, exchange for euros, exchange for pounds, exchange for dollars. "
		"Start with pounds, exchange for euros, exchange for dollars, exchange for pounds."
		"Start with euros, exchange for dollars, exchange for pounds, exchange for euros."