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1. On Monday March 11,2019 the 1-Year USD Libor Rate is 2.8638% while the 1-year Euro Libor Rate is -0.1749%. Currently the Euro/USD spot exchange

1. On Monday March 11,2019 the 1-Year USD Libor Rate is 2.8638% while the 1-year Euro Libor Rate is -0.1749%. Currently the Euro/USD spot exchange rate sits at 1.1241. the Uncovered Interest Rate parity implies that the expected 1-year spot EUR/USD exchange rate is going to:

A. depreciate to 1.0909

B. appreciate to 1.0909

C. appreciate to 1.1583

D. depreciate to 1.1583

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