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Which of the following is true given the following quotes for foreign exchange: 1.520-1.530$/; 1.240-1.250$/; 0.830-0.840 / Triangular arbitrage is not possible Triangular arbitrage is

Which of the following is true given the following quotes for foreign exchange: 1.520-1.530$/; 1.240-1.250$/; 0.830-0.840 /

Triangular arbitrage is not possible Triangular arbitrage is possible and it involves exchanging $ for Triangular arbitrage is possible and it involves exchanging for $ None of the above

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