Question: Given the information below, is there an arbitrage opportunity? If there is an arbitrage opportunity, what assumptions are being made? BID-ASK RATES OFFERED BY THREE

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

BID-ASK RATES OFFERED BY THREE BANKS

BID ASK

1. BANK A (GBP/USD) 1.60 1.61

2. BANK B (MYR/USD) 0.2 0.202

3. BANK C (GBP/MYR) 8.10 8.20

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