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honey lemon honey lemon
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5 years ago
Suppose Mexico and the United States are on the gold standard.  If there is a half an ounce of gold in the dollar, and one quarter an ounce of gold in the peso, then the exchange rate is
A) $1 = 2 pesos.
B) $1 = 4 pesos.
C) $1 = 1/2 peso.
D) $1 = 1/4 peso.
Textbook 
InMacro

InMacro


Edition: 1st
Authors:
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Chris R.Chris R.
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5 years ago
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