The inflation rates in the Eurozone and Morocco are expected to be 4% per year and 7% per year, respectively. Which of the following is correct? If the current spot rate for the Moroccan dirham (MDr) is 9.5238 against the euro, then the expected spot rate in three years would be
A) MDr 8.6957
B) MDr 8.9928
C) MDr 10.3720
D) MDr 10.0806
Correct Answer:
Verified
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