1. If uncovered interest rate parity holds and tthe U.S. interest rate is greater than the European interest rate, then it must be true that

	a.	the spot exchange rate rate is less than the expected exchange rate
	b.	the forward exchange rate ($ per Euro) is less than the spot rate
	c.	the spot exchange rate is greater than the expected exchange rate
	d.	the forward exchange rate ($ per Euro) is greater than the spot rate