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Gilded Question Gilded Question. In 1923, one ounce of gold costs 383 French francs (FRF). If at the same time one ounce of gold could

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Gilded Question

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Gilded Question. In 1923, one ounce of gold costs 383 French francs (FRF). If at the same time one ounce of gold could be purchased in Britain for GBP4.65, what was the exchange rate between the French franc and the British pound? . . .. . The implied exchange rate is FRF /GBP. (Round to two decimal places.)

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