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Question 24 2 pts One year ago the spot exchange rate between the Chilean peso and the U.S. dollar was CLP500,00/USD. During the past year,

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Question 24 2 pts One year ago the spot exchange rate between the Chilean peso and the U.S. dollar was CLP500,00/USD. During the past year, the Chilean peso fell 25% in value against the dollar. During this same 12-month period, prices in the United States remained stable while Chilean prices rose 22%. What should the exchange rate today be, based on purchasing power parity? CLP410/USD CLP610/USD CLP625/USD CLP400/USD

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