SupposeunderagoldstandardthepriceofgoldintheUnitedStatesis$450perounceandthepriceofgoldintheUnitedKingdomis200£perounce.Theexchangerateisthus() A: 2.25£perdollar. B: $2.25perpound. C: $0.45perpound. D: 0.54£perdollar.
SupposeunderagoldstandardthepriceofgoldintheUnitedStatesis$450perounceandthepriceofgoldintheUnitedKingdomis200£perounce.Theexchangerateisthus() A: 2.25£perdollar. B: $2.25perpound. C: $0.45perpound. D: 0.54£perdollar.
1