madilyn513 madilyn513

31-07-2024
Business

Answered

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IBP
8
1 B
B
g
lue
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In January 2021, the exchange rate was 8.75 Moroccan Dirhams per
US[tex]$. In February 2022, the exchange rate is now 9.31 Moroccan
Dirhams per US$[/tex]. Which of the following is true?
Choose one answer from the options below.
The US[tex]$ has depreciated and the Moroccan Dirham has appreciated
The US$[/tex] has depreciated and the Moroccan Dirham has depreciated
The US[tex]$ has appreciated and the Moroccan Dirham has appreciated
The US$[/tex] has appreciated and the Moroccan Dirham has depreciated

Answer :

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