3. Which of the following argument on international parity condition is NOT correct? A) According to relative purchasing power parity, the currency with a relatively higher inflation rate is expected to appreciate. B) If interest rate parity condition between Korea and the U.S. is satisfied, deposits of Korean won and the U.S. dollar offers the same expected rate of return. C) Covered interest rate parity explains that the difference in the national interest rates should be equal to the forward rate discount or premium (per annum) for the foreign currency. D) If the forward market accurately predicted the actual future exchange rate, covered interest rate parity and uncovered interest rate parity should be equalized