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You have the following exchange rates: Euro 0.49=$1, $1.36=British pound 1, and Euro 0.62=British pound 1. Looking at those rates and checking the respective cross-rates,

You have the following exchange rates: Euro 0.49=$1, $1.36=British pound 1, and Euro 0.62=British pound 1. Looking at those rates and checking the respective cross-rates, what of the following is true?

A. Euro is overvalued relative to British pound.

B. Euro is undervalued relative to $.

C. Euro is overvalued relative to $.

D. Both A and B

E. Both A and C

F. Both B and C

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