Question 4 (1 point) Suppose that the following quotes on Australian Dollars (AUD) and Singaporean Dollars (SGD) are available from your bank SGDO.74/USD and AUDO.72/USD, and that the AUD is quoted by another bank at SGDO.99/AUD. Which of the following statements is correct? The implied cross rate is SGD1.03/AUD and the AUD is undervalued relative to SGD The implied cross rate is SGD1.03/AUD and the AUD is overvalued relative to SGD The implied cross rate is SGDO.97/AUD and the AUD is overvalued relative to SGD The implied cross rate is SGDO.97/AUD and the AUD is undervalued relative to SGD Previous Page Next Page Page 4 of 25