Question 19 (3.7 points) Which of the following is true? According to interest rate parity (IRP), the forward rate differs from the spot rate by a sufficient amount to offset the inflation differential between two currencies If the interest rate is lower in the U.S. than in the United Kingdom, and if the forward rate of the British pound is the same as its spot rate, British investors could possibly benefit from covered interest arbitrage. Assume that the interest rate in the home country of Currency X is a much lower interest rate than the U.S. interest rate. According to interest rate parity, the forward rate of Currency X should exhibit a premium