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In relation to foreign exchange rates:

Select one:

a. Lagging FX transactions means changing the timing of a cash flow so that it takes place before the originally agreed date.

b. Given AUD/USD six months forward points are 0.0032-0.0027, this means the base currency is at a forward premium.

c. Under PPP, a country with a higher inflation rate relative to another country can expect its currency to appreciate.

d. Translation FX exposure refers to the extent to which a firm's future cash flows may be affected by changes in the exchange rate.

e. A rise in real rates of interest for a country should see its currency appreciate.