Suppose the annual rate of inflation in Australia is 1.15%, and the annual rate of inflation in the US is 3.85%. If the USD appreciates relative to the AUD by 1.10% in real terms, then which of the following would be correct? O a Nominal exchange rate appreciation by 1.94% O b. Nominal exchange rate depreciation by 1.53%, Oc Nominal exchange rate depreciation by 1.19% Od Nominal exchange rate appreciation by 3.27%