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pinkkurage pinkkurage
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A year ago
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
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Macroeconomics

Macroeconomics


Edition: 3rd
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isaw09isaw09
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pinkkurage Author
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A year ago
Good timing, thanks!
husne
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Thank you, thank you, thank you!
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This calls for a celebration Person Raising Both Hands in Celebration
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