If the Inflation Rate in Canada Is Lower Than in Mexico

If the inflation rate in Canada is lower than in Mexico, then:

A) The dollar will depreciate relative to the Mexican peso.
B) The exchange rate for the Mexican peso will increase.
C) The Mexican peso will appreciate in value.
D) Absolute purchasing power parity will not be able to exist.
E) The exchange rate for the peso will decrease to offset the higher prices in Mexico.