Under Liquidity Preference Theory,which of the Following Is Always True

Multiple Choice

Under liquidity preference theory,which of the following is always true?

A) The forward rate is higher than the spot rate when both have the same maturity.
B) Forward rates are unbiased predictors of expected future spot rates.
C) The spot rate for a certain maturity is higher than the par yield for that maturity.
D) Forward rates are higher than expected future spot rates.