Suppose a trader sees the exchange rates shown in the following table. 
How might these exchange rates be an opportunity for arbitrage for an American trader? What would happen to the exchange rates over time?
Definitions:
Flake Size
The measurement of the dimensions of flakes, often used in reference to materials or products in various industries to describe particle or fragment sizes.
Tree Species
Varieties or types of trees classified based on characteristics such as leaf shape, size, and arrangement.
ANOVA
A statistical method used to compare means of three or more samples to find out if at least one sample mean is different from the others.
Gender
A social construct that relates to the roles, behaviors, activities, and attributes that a given society considers appropriate for men, women, and other gender identities.
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