The interest parity condition is the proposition that:____.
a. differences in interest rates on different bonds within a country reflect investors' expectations of future changes in the tax treatment of interest earnings.
b. differences in interest rates on similar bonds in different countries reflect investors' expectations of future movements in relative price levels.
c. differences in interest rates on similar bonds in different countries reflect investors' expectations of future changes in exchange rates.
d. investors' expectations of future changes in exchange rates reflect differences in interest rate policies pursued by the central banks in different countries.