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