USD/GBP: Price for GBP in New York (in USD): USD/CHF: Price for CHF in Chicago (in USD) CHF/GBP: Price for GBP in Zurich (in CHF) USD 1.725 for 1 GBP USD 0.645 for 1 CHF CHF 2.75 for 1 GBP The three steps which will create triangular arbitrage profit are as follows: first step, convert ; second step, convert , and third step, convert

Pam is a low-risk careful driver and fran is a high-risk aggressive driver. to reveal their driver types, an auto-insurance company a. refuses to insure high-risk drivers b. charges a higher premium to owners of newer cars than to owners of older cars c. offers policies that enable drivers to reveal their private information d. uses a pooling equilibrium e. requires drivers to categorize themselves as high-risk or low-risk on the application form