Suppose that the international parity conditions all hold and a country has a lower nominal interest rate than the United States. The expected real interest rate(s) is/are:

Group of answer choices

Equal in the US and in the foreign country

Higher in the US than that of the foreign country

Lower in the US than that of the foreign country

Alternatively higher in the US than it is in the foreign country in periods of economic expansion and lower in the US than it is in the foreign country in periods of recessions

Not enough information