You are given the following quoted FX rates:

A Bank $ 1.7484/

B Bank 0.8398/ $

C Bank .4280/

After calculating the synthetic cross rate. Which bank and by how much is a currency overvalued/undervalued?

	a.	A Bank rate for US$ is undervalued by 2 US$ cents
	b.	B Bank rate for euros is undervalued by 5 euro cents
	c.	B Bank rate for US$ is overvalued by 3 US$ cents
	d.	C Bank rate for euros ( ) is overvalued by 4 euro cents