Applying the International Fisher Effect,if the Interest Rate in Brazil

Multiple Choice

Applying the international Fisher effect,if the interest rate in Brazil is 9 percent and in Japan is 6 percent,we would expect the value of the Brazilian real to:

A) appreciate by 3 percent against the Japanese yen.
B) depreciate by 3 percent against the Japanese yen.
C) appreciate by 1.5 percent against the Japanese yen.
D) depreciate by 1.5 percent against the Japanese yen.