Given the following information, what is the rate of change in the exchange rate between (GBP) and (JPY) according to the International Fisher Effect? Since the real interest rates are same, there won't be any changes in the exchange rate. GBP appreciates 3.08%. GBP appreciates by 3.0196%. JPY appreciates by 3.08%. JPY appreciates by 3.0196%. Question 15 ( 1.5 points) Which statement regarding currency depreciation or devaluation is correct? Hint: The balance of trade is the difference between a country's exports and imports of goods and services. It can improve the balance of trade immediately if imports and exports are not responsive. It eventually improves the balance of trade. It eventually deteriorates the balance of trade. Devaluation of a currency has no overall impact on exports and imports. Currency depreciation tends to decrease both exports and imports. Given the following information, what is the rate of change in the exchange rate between (GBP) and (JPY) according to the International Fisher Effect? Since the real interest rates are same, there won't be any changes in the exchange rate. GBP appreciates 3.08%. GBP appreciates by 3.0196%. JPY appreciates by 3.08%. JPY appreciates by 3.0196%. Question 15 ( 1.5 points) Which statement regarding currency depreciation or devaluation is correct? Hint: The balance of trade is the difference between a country's exports and imports of goods and services. It can improve the balance of trade immediately if imports and exports are not responsive. It eventually improves the balance of trade. It eventually deteriorates the balance of trade. Devaluation of a currency has no overall impact on exports and imports. Currency depreciation tends to decrease both exports and imports