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Other Fields Homework Help Economics Topic started by: pinkkurage on Nov 10, 2022



Title: The Gold StandardSuppose the United States and Great Britain are on the gold standard. If there is ...
Post by: pinkkurage on Nov 10, 2022
The Gold Standard

Suppose the United States and Great Britain are on the gold standard. If there is 0.40 ounce of gold in the dollar ($) and 0.55 ounce of gold in the British pound (£), then the exchange rate is ________.

▸ $1 = £0.40

▸ $1 = £1.38

▸ $1 = £0.55

▸ $1 = £0.73


Title: The Gold StandardSuppose the United States and Great Britain are on the gold standard. If there is ...
Post by: isaw09 on Nov 10, 2022
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