a. What shoulg have been the exchange rate in January 2003 it ppp held? b. By what percentage was the Agentine peso undervalued ca an annualzed bases? c. What mere the probatio causes of undervaluation? a. What shous have beet the exchange rale v January 2003 a forp helf? The exchange rate in January 2003 . if Ppp heid, showit have been F. is (Roind to twe decimal places) D. By what percentage was the Ngentine peso undervalued on as annualued basis? c. What were the probable causes of undervatuation? (Seloct the bes chace beiow ) A. The raped increase in the vilue of the Noentine peso was a result of not only inhaton, but ako a sovere cras in the batance of payments 8. The roped decine in the value of tha US dollat was a tesult of not only intatinn, bot also a severe crise n the bwiance of payments c. The rapd decline in the value of the Apentine poso was a resul of nof only inflation; but atso a severe crsis in Ene balance of payenents D. The rapui increase in the value of the US dollar was a tosult of not only inflabon, but ako a severe criss in the balance of paymeats