Question: Question 14 (2 points) Given the following information, what is the (approximate) rate of change in the exchange rate (e) between (GBP) and (JPY) according

Question 14 (2 points) Given the following information, what is the (approximate) rate of change in the exchange rate (e) between (GBP) and (JPY) according to the Purchasing Power Parity? Real interest rate in UK and Japan Inflation in UK Nominal interest rate in Japan Spot rate 2% 4% 3% 200/ OJPY appreciates by 3.0196%. JPY appreciates by 3.08%. No change since the real interest rates are same. GBP appreciates by 3.0196%. GBP depreciates by 3.08%.

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Given the following information, what is the (approximate) rate of change in the exchange rate (e) between (GBP) and (JPY) according to the Purchasing Power Parity? JPY appreciates by 3.0196%. JPY appreciates by 3.08%. No change since the real interest rates are same. GBP appreciates by 3.0196%. GBP depreciates by 3.08%. Given the following information, what is the (approximate) rate of change in the exchange rate (e) between (GBP) and (JPY) according to the Purchasing Power Parity? JPY appreciates by 3.0196\%. JPY appreciates by 3.08%. No change since the real interest rates are same. GBP appreciates by 3.0196%. GBP depreciates by 3.08%

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