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here is the question 8 In February 2022 the E/$ (euro/dollar) exchange rate was 0.88E/$. In France, a country that uses Euros as currency, the

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8 In February 2022 the E/$ (euro/dollar) exchange rate was 0.88E/$. In France, a country that uses Euros as currency, the average price of the game Monopoly was E22, while in the United States, a country that uses dollar as currency, the average price of the game Monopoly was $25. From this information we can infer that: Select one answer: O The exchange rate is too low. The euro should appreciate to ensure that purchasing power parity holds. O The exchange rate is too high. The euro should appreciate to ensure that purchasing power parity holds. O The exchange rate is too low. The dollar should appreciate to ensure that purchasing power parity holds. O The exchange rate is approximately correct. Purchasing power parity holds

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