Which of the following is correct?

a.

By virtue of absolute purchasing power parity, if the inflation rate in Country X = Country Y then the nominal exchange rate will remain unchanged.

b.

If the nominal interest rate is 7.00% and the expected rate of inflation is 4.30% then the exact real interest rate according to the Fisher equation is 2.70%.

c.

Spot transactions are settled in the same number of days as a forward transaction.

d.

The AUD rises against the Danish Krone when real interest rates in Denmark are higher than those in Australia.