In the face of a world-wide recession,many currencies fell against the traditional three safe-haven currencies,the dollar,the euro,and the yen,

Question

Quizplus · Accepted Answer

During a recession, investors tend to flock towards safe-haven currencies including the US dollar, Euro, and Japanese yen, resulting in the appreciation of these currencies against other currencies. Therefore, the statement is true.

In the Face of a World-Wide Recession,many Currencies Fell Against