Under the classical gotd standard, if the U.S. dollar (US$) is tied to gold at a rate of US

$31

per ounce of gold, and the British Pound (GBP) is tied to gold at a rate of GBP 15 per ounce of gold, the value of US

$1

expressed in British Pounds is:\ Note: Enter your answer rounded to the second digit after the decimal point. For instance, if you calculate that US

$1

is equivalent to GBP 0.7486 , enter your answer as: 0.75

Under the classical geid standard, if the U.S. dollar (US\$) is tied to gold at a rate of US\$31 per ounce of gold, and the British Pound (GBP) is tied to gold at a rate of GBP 15 per ounce of gold, the value of US $1 expressed in British Pounds is: Note: Enter your answer rounded to the second digit after the decimal point. For instance, if you calculate that US $1 is equivale to GBP 0.7486 , enter your answer as: 0.75