Which of the following statements is incorrect?

Group of answer choices

A Eurocurrency is a time deposit that is in a bank located in a country different from the country that issued the currency.

The spot rate is the exchange rate that you would pay for immediate delivery of a currency.

Higher country risk should be incorporated into the international capital budgeting analysis by adjusting the firm's discount rate downward for the additional risk.

Given that the spot rate is $1.5136/ and the 90-day forward quote is $1.4974/, we can say that the U.S. dollar is expected to appreciate against the Euro in the future.

All the answers are correct except one.