If one rounds digits one by one starting from the end, then is the rounding same as when "cut-offing" around required the precision?
That is does (for $1/10^3$):
$0.84562...4356 \rightarrow 0.8456 \rightarrow 0.846$
produce the same as
$0.84562...4356 \rightarrow 0.84562...436$
$ \rightarrow 0.84562...44 \rightarrow 0.84562...4$
up until: $\rightarrow 0.846$