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On December 1, 2023, MXN/USD .06 (point 06). On December 6, 2023, MXN/USD. 08 (point 08). Based on these date points, please select the most
On December 1, 2023, MXN/USD .06 (point 06). On December 6, 2023, MXN/USD. 08 (point 08). Based on these date points, please select the most complete and accurate answer choice below. I. The Mexican Peso appreciated against the USD. As a Mexican importer of goods from the U.S., this is not good news. This means that the Mexican importer of goods from the U.S. will have to use more Mexican Pesos to purchase goods from the U.S. II. The Mexican Peso appreciated against the USD. As a Mexican exporter of goods to the U.S., this is good news. This means that the U.S. importer will have to use fewer U.S. dollars to purchase goods in Mexico, which will encourage the U.S. importer to purchase more goods in Mexico. III. The Mexican Peso appreciated against the USD. As a Mexican exporter of goods to the U.S., this isn't necessarily good news. This means that the U.S. importer will have to use more U.S. dollars to purchase goods in Mexico, which may deter the U.S. importer from purchasing goods from Mexico. IV. The Mexican Peso depreciated against the USD. As a Mexican exporter of goods to the U.S., this isn't necessarily good
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