Which of the statements below is FALSE? Select the correct answer (A) The opportunity to make a profit without risk by exchanging three currencies is known as triple arbitrage. B When cross rates are out of line, there can be an arbitrage opportunity (C) Exchange rates vary from one day to the next Even if you could not do a direct exchange between pounds and yen, you could convert pounds to dollars and then dollars to yen and ultimately end up changing pounds into yen