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9. Under the Gold Standard, an ounce of gold costs $20.67 in US, or 4.2474 British pound in UK. If the market exchange rate is

9. Under the Gold Standard, an ounce of gold costs $20.67 in US, or 4.2474 British pound in UK. If the market exchange rate is $4.2/GBP, and one starts with $200,000, can they make money by triangular arbitrage, and if so, how much? Show the calculation details.

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