Turkish and Polish investors require a real return of 2%. If the nominal Turkey interest rate is 17%, and the nominal Polish rate is 13%, and IFE holds, the Polish inflation rate is expected to be about ____ the U.S. inflation rate, and the Polish Zloty is expected to ____.

	a.	2% above; depreciate by 2%
	b.	3% points above; depreciate by 3%
	c.	3% below; appreciate by 3%
	d.	3% points below; depreciate by 3%
	e.	4% points below; appreciate by 4%