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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
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? No change since the real interest rates are same. JPY appreciates by 3.08\%. GBP appreciates by 3.0196\%. JPY appreciates by 3.0196\%. GBP depreciates by 3.08%
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