Which of the following is TRUE given the current bid-ask exchange rate quotes: 1.4-1.42 /$; 1.25-1.27 /; 1.75-1.76/$?

	Arbitrage is not possible
	If you start with dollars, the only way to make arbitrage is to exchange currencies in the following direction: $ -> -> -> $.
	If you start with dollars, the only way to make arbitrage is to exchange currencies in the following direction: $ -> -> -> $.
	If you start with dollars, you can make arbitrage by exchanging currencies in any of the following directions: $ -> -> -> $ or $ -> -> -> $.