Within the context of interest rate parity, which one of the following statements is correct?
Select one:
a. Interest rate parity is the same as purchasing power parity.
b. All
c. Interest rate parity implies that interest rates are the same in all countries.
d. Interest rate parity shows why a particular currency might be at a forward premium or discount.
e. A currency is at a forward discount whenever domestic interest rates are higher than foreign interest rates.