Ingeneral,banksmakeprofitsbyselling_________liabilitiesandbuying_________assets. A: long-term;shorter-term B: short-term;longer-term C: illiquid;liquid D: risky;risk-free

An arbitrage opportunity is least likely to be exploited when: A: one position is illiquid. B: the price differential between assets is large. C: the investor can execute a transaction in large volumes.

Bob, a fund manager, is seeking to sell a large position in fairly illiquid stock. He buys and sells shares of the stock between that fund and another he also manages to create an appearance of activity and higher stock price, so that the sale of the whole position. Bob most likely violates ______.