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Suppose the U . S . dollar is defined by law to be equal to 0 . 1 ounce of gold. Further suppose that the

Suppose the U.S. dollar is defined by law to be equal to 0.1 ounce of gold.
Further suppose that the euro is defined by law to be equal to 0.05 ounce of gold. The exchange rate between the dollar and the euro should be:
$1=2 euros
@ 1euro = $2
$1=1 euro
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