Question: 7). DEVELOPMENT QUESTION. Last year a curo was equal to $1.0852, and a S was equal to 3.67 AED. Today, the euro is equal to

7). DEVELOPMENT QUESTION. Last year a curo was equal to $1.0852,

7). DEVELOPMENT QUESTION. Last year a curo was equal to $1.0852, and a S was equal to 3.67 AED. Today, the euro is equal to $1.0553 and a S is unchanged with AED. (a). By what percentage did the cross-exchange rate of the AED in curo (that is, the number of AED that can be purchased with one euro) change over the last year? (b). Did AED depreciate against euro in 2023

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