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The following quotes are given between NZD and US$ Bank A US$/NZD 0.635 0.640 Bank B US$/NZD 0.645 0.650 The locational arbitrage that can be

The following quotes are given between NZD and US$ Bank A US$/NZD 0.635 0.640 Bank B US$/NZD 0.645 0.650 The locational arbitrage that can be made is starting with NZD 8000 is: Select one: a. US$ 40 b. NZD 120 c. US$120 d. NZD 40

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