Use the (hypothetical) information in the following table to answer the following questions.
Table 31-2 
-Refer to Table 31-2. Which currency(ies) is(are) have a nominal exchange rate less than that predicted by the doctrine of purchasing-power parity?
Definitions:
Flexible Budget
A budget which is responsive and adjusts based on fluctuations in levels of volume or activity.
Sales Commissions
Fees paid to salespersons for selling products or services, often a percentage of the sale amount.
Shipping Expenses
Costs incurred by a company to transport its products to customers, often classified as part of operating expenses.
Sales Manager's Salary
The compensation paid to the individual responsible for directing and managing a company's sales team and strategies.
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