Question: Given the information below, is there an arbitrage opportunity? If there is an arbitrage opportunity, what assumptions are being made? Table: Bid-ask rates offered by

Given the information below, is there an arbitrage opportunity? If there is an arbitrage opportunity, what assumptions are being made?

Table: Bid-ask rates offered by three banks

Bid Ask

Bank A (GBP/USD) 1.60 1.61

Bank B(MYR/USD) 0.2 0.202

Bank C(GBP/MYR) 8.10 8.20

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