Chicago based Corporation X has a number of importing transactions with companies based in UK. Importing activities result in payables. If the settlement currency is the British Pound, which of the following will happen by changes in the direct or indirect exchange rates? 
Definitions:
Value Loss
The reduction in the value of an asset, investment, or product, often due to market changes, deterioration, or obsolescence.
Gift
A voluntary transfer of property or funds from one individual to another without expectation of payment or compensation.
Diamond-Water Paradox
A question in economics that points out the contradiction between the high value of diamonds, which are non-essential, and the low value of water, which is essential for survival.
Marginal Utility
The extra pleasure or benefit derived from using one more unit of a product or service.
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