Which of the following is true?

If the interest rate parity is holding, the two hedging methods, money market hedge and options hedge, are equivalent. If the purchasing power parity is holding, the two hedging methods, money market hedge and forward hedge, are equivalent. If the interest rate parity is holding, the two hedging methods, money market hedge and forward hedge, are equivalent. If the purchasing power parity is holding, the two hedging methods, money market hedge and options hedge, are equivalent.