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Review problem related to the-worth its weight in gold

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Question: Worth Its Weight in Gold. Under the gold standard, the price of an ounce of gold in U.S. dollars was $20.67, while the price of that same ounce in British pounds was £3.7683. What would be the exchange rate between the dollar and the pound if the U.S. dollar price had been $42.00 per ounce of gold?

Reference no: EM131675887

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