If One Foreign Currency Appreciates Against the Dollar, Then All

question 51

True/False

If one foreign currency appreciates against the dollar, then all foreign currencies will appreciate against the dollar but by different degrees.

---

Definitions:

Blockchain

A distributed ledger technology that allows data to be stored in a series of interconnected blocks, enhancing security and transparency.

Bitcoin

A digital or virtual currency that uses cryptography for security and operates without a central authority.

Banks

Financial institutions licensed to receive deposits and provide loans, and offer various other financial services like wealth management, currency exchange, and safe deposit boxes.

Brokers

Individuals or firms that act as intermediaries between buyers and sellers, facilitating transactions.