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Question 6 The table below presents quotes and cross - quotes on GBP and CHF . If all traders use triangular arbitrage to maximize profits,

Question 6
The table below presents quotes and cross-quotes on GBP and CHF.
If all traders use triangular arbitrage to maximize profits, then the dollar price
of GBP for the New York dealer will
; the CSF price of GBP for the
Zurich dealer will ; and the dollar price of CHF for the Chicago
dealer will .
decrease, increase, increase
increase, decrease, decrease
increase, increase, decrease
decrease, decrease, increase
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