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How much usd is equivalent to a british pound

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Suppose that both gold and silver are used as international means of payment. Assume that the US dollar is convertible to one ounce of gold for $15, the Swiss franc is convertible to an ounce of gold for 7.6366 francs and an ounce of silver for 0.4345 francs. The British pound is pegged to silver at 0.3621 pounds per ounce of silver. How much USD is equivalent to a British pound?

Reference no: EM132622775

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