True or False

1) By the definition of the FEM, currency depreciation occurs when the value of all currencies fall relative to gold.

2) You open a factory in China, suppose the exchange rate between the dollar and the yuan changed from 6 yaun per dollar to 8 yuan per dollar. This change means that the yuan appreciated

3) If you open a bricks and mortar store in Tokyo, and the dollar's value changes from 120 yen per dollar to 110 yen per dollar, the dollar has depreciated.