Which of the following is false? O Forward expectations parity (FEP) states that any forward premium or discount is equal to the change in the exchange rate. Given a home country and a foreign country, IFE (Internatioal Fisher Effect) suggests that a home currency will appreciate if the current foreign interest rate exceeds the current home interest rate. Given a home country and a foreign country, purchasing power parity (PPP) suggests that a home currency will depreciate if the current foreign inflation rate exceeds the current home inflation rate. If one bank's bid price for a currency is greater than another bank's ask price for the currency, the locational arbitrage is feasible