Suppose that the British pound is pegged to gold at 6 per ounce, whereas one ounce of gold is worth 12. Under the gold standard, any misalignment of the exchange rate will be automatically corrected by cross border flows of gold. Calculate the possible gains for starting with 500. if the British pound becomes undervalued and trades for 1.80. (Assume zero shipping costs). None of the other answers E75.56 E55.56 f65.56 c85.56