Suppose you read the following quote in a business magazine. Fully explain whether you agree with the

Question:

Suppose you read the following quote in a business magazine. Fully explain whether you agree with the author's conclusions. "For some years now, the dirham, Morocco's currency, has been pegged to the euro. As a result, Morocco's money market (i.e., real loan able funds market) has been swamped due to remittances of Moroccan citizens who are living in Europe and sending weekly earnings home. Luckily, the nation's fixed has acted as an anchor, allowing Morocco to ease the money supply without serious inflationary consequences."
Exchange Rate
The value of one currency for the purpose of conversion to another. Exchange Rate means on any day, for purposes of determining the Dollar Equivalent of any currency other than Dollars, the rate at which such currency may be exchanged into Dollars...