1- Within the context of interest rate parity, which one of the following statements is correct? Select one :

a . A currency is at a forward discount whenever domestic interest rates are higher than foreign interest rates.

b. Interest rate parity implies that interest rates are the same in all countries

. c.All

d. Interest rate parity shows why a particular currency might be at a forward premium or discount

. e . Interest rate parity is the same as purchasing power parity.