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Triangular arbitrage is profitable if which of the following conditions is true? Quoted cross exchange rates are inconsistent with implied cross exchange rates Quoted cross

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Triangular arbitrage is profitable if which of the following conditions is true? Quoted cross exchange rates are inconsistent with implied cross exchange rates Quoted cross exchange rates are higher today than yesterday. Quoted cross exchange rates are higher today than direct exchange rates Quoted exchange rates are inconsistent with purchasing power parity

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