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1. Answer the following questions. a. Suppose that the French franc is pegged to gold at 15 francs per ounce, whereas the US dollar is

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1. Answer the following questions. a. Suppose that the French franc is pegged to gold at 15 francs per ounce, whereas the US dollar is pegged to 10 dollars per ounce. What would be the exchange rate between the French franc and the US dollar? b. Suppose that the Mexican peso is pegged to gold at 64.5 pesos per ounce, whereas the exchange rate between the peso and the US dollar is $0.475 = 1 peso. What would be an ounce of gold worth in US dollars? = 1. Answer the following questions. a. Suppose that the French franc is pegged to gold at 15 francs per ounce, whereas the US dollar is pegged to 10 dollars per ounce. What would be the exchange rate between the French franc and the US dollar? b. Suppose that the Mexican peso is pegged to gold at 64.5 pesos per ounce, whereas the exchange rate between the peso and the US dollar is $0.475 = 1 peso. What would be an ounce of gold worth in US dollars? =

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