What is arbitrage?

	A.	Borrowing to make a profit
	B.	The ability to easily convert an investment to cash
	C.	Taking advantage of price difference to make a profit
	D.	Someone who eats a lot of food from Arby's

Covered interest arbitrage is possible when the conditions of what have been violated?

	A.	Purchasing power parity
	B.	Interest rate parity
	C.	Exchange rate parity
	D.	Treasury bill parity