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please help Suppose that the pound is pegged to gold at 25 per ounce and the dollar is pegged to gold at $35 per ounce.
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Suppose that the pound is pegged to gold at 25 per ounce and the dollar is pegged to gold at $35 per ounce. What is the implied exchange rate between the dollar and the pound (USD/GBP)? O $0.71/ O 1.40/$ None of the options. $1.40/ Suppose that the Britain pegs the pound to gold at 6 per ounce, and the US pegs the dollar to gold at $8 per ounce. What would be the exchange rate between the pound and the dollar under the gold standard? O $1.33/ 1.33/5 $0.75/ $0.65/ Step by Step Solution
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