Under the monetary approach to the exchange rate

a.an interest rate increase is associated with higher expected inflation and a currency that will be strengthened on all future dates.

b.an interest rate decrease is associated with lower expected inflation and a currency that will be strengthened on all future dates.

c.an interest rate increase is associated with higher expected deflation and a currency that will be weaker on all future dates.

d.an interest rate increase is associated with higher expected inflation and a currency that will be strengthened on all future dates.

e.an interest rate decrease is associated with lower expected deflation and a currency that will be weaker on all future dates.