Golden Rule. Under the gold standard, the price of an ounce of gold in U.S. dollars was $ 20.62, while the price of that same ounce in British pounds was pound 3.8552. What would be the exchange rate between the dollar and the pound if the U.S. dollar price had been $ 42.18 per ounce of gold?

The implied $/pound exchange rate if the U.S. dollar price is $ 20.62 oz of gold is $? / (Round to four decimal places.)

The implied $/pound exchange rate if the U.S. dollar price had been $ 42.18 oz of gold is $ ? /. (Round to four decimal places.)