Latin american countries have historically experienced relatively high inflation, and their currencies have weakened. this information is somewhat consistent with the concept of

The concept of "purchasing power parity".

Purchasing power parity or as known for short PPP is a monetary hypothesis that looks at changed nations' monetary forms through a "basket of goods" point of view. As per this idea, two monetary forms are in harmony or at standard when a basket of products (considering the rate of exchange) is estimated the same in the two nations.

i think it's b or c hope this