Question: Question 30 1 pts The table below presents bid-ask quotes for British Pounds (GBP) from several US based currency dealers Currency Dealer in New York

Question 30 1 pts The table below presents bid-ask quotes for British Pounds (GBP) from several US based currency dealers Currency Dealer in New York Boston Chicco Francisco Bid Atk Quotes for GBP 5147-RB S147922 TENGST2070 It all traders try to maximize pronts based on locational arbitrage transactions, then the ask price of the will dealer will and the bid price of the dealer New York increase Chicago: decrease Chicco Bostonin San France Incre Chicago decrease Dosto increase Hong Kong

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