For locational arbitrage to be possible, one bank's ask rate must be higher than another bank's bid rate for a currency.

Name: For locational arbitrage to be possible, one bank's ask rate must be higher than another bank's bid rate for a currency.
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For locational arbitrage to be possible, one bank's ask rate must be lower than another bank's bid rate for a currency, allowing a trader to buy low at one bank and sell high at another.

For Locational Arbitrage to Be Possible, One Bank's Ask Rate