A Foreign Stock Goes Up 10% in Price in the Foreign

question 38

True/False

A foreign stock goes up 10% in price in the foreign currency as the domestic currency depreciates by 10%. The price of the foreign stock in domestic currency stays the same.

---

Definitions:

Smithsonian Institution

A group of museums and research centers administered by the United States government, known for its extensive collections and research in various fields.

Traditional Nonprofit

An organization that operates primarily on donations, grants, and volunteer support to serve a social, charitable, cultural, or educational purpose without pursuing profits.

Johnson Amendment

A U.S. law that prohibits all 501(c)(3) non-profit organizations from endorsing or opposing political candidates.

Repealing

The action of revoking or withdrawing a law, tax, duty, or regulation.