The First National Bank is offering to borrow or lend up to $10,000 at a rate of 8%. The Last National Bank is offering to borrow or lend up to $10,000 at a rate of 8.5%. Is this an arbitrage opportunity? If so, how do you exploit it and how much do you make?

Group of answer choices

This is not an arbitrage opportunity

profit of $500

profit of $250

Profit of $10,000

None of these other answers are correct