Select an alternative that provide correct explanation. 1. Purchasing power parity does not tend to hold in countries that suffer from hyperinflation. II. Interest rate parity does not hold if a government impose bans on cross-border capital flows. III. When people use high frequency data (e.g., intraday or daily), they may find that Interest rate parity does not hold because of erroneous data. IV. Purchasing power parity states that as the purchasing power of a currency sharply declines, the currency will depreciate against stable currencies. I, II, III, and IV II and III, only II, iII, and IV, only II and IV, only 1, II, and 111 , only