Question: 1. Identify all three triangular arbitrage opportunities and calculate their arbitrage profit among the following three currencies. You may start with a 1,000,000 units of

1.Identify all three triangular arbitrage opportunities and calculate their arbitrage profit among the following three currencies. You may start with a 1,000,000 units of the initial currency and round your calculations up to two decimals.

	Exchange rate
Bank A	EURNZD 1.7038
Bank B	NZDUSD 0.7219
Bank C	EURUSD 1.2

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