If the US inflation rate is forecast to be lower than the UK inflation rate and the US interest rate is lower than the UK interest rate. Then which of the following statements is consistent with both purchasing power parity (PPP) and uncovered interest parity (UIP)? Select one: a. The dollar is expected to depreciate against the pound according to PPP and appreciate according to UIP. b. The dollar is expected to appreciate against the pound according to PPP and depreciate according to UIP. c. The dollar is expected to depreciate against the pound according to both PPP and UIP. d. The dollar is expected to appreciate against the pound according to both PPP and UIP. If the US inflation rate is forecast to be lower than the UK inflation rate and the US interest rate is lower than the UK interest rate. Then which of the following statements is consistent with both purchasing power parity (PPP) and uncovered interest parity (UIP)? Select one: a. The dollar is expected to depreciate against the pound according to PPP and appreciate according to UIP. b. The dollar is expected to appreciate against the pound according to PPP and depreciate according to UIP. c. The dollar is expected to depreciate against the pound according to both PPP and UIP. d. The dollar is expected to appreciate against the pound according to both PPP and UIP