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Under the gold standard of currency exchange that ecisted from 1879 to 1914, an ounce of gold cost $20.67 in U.S. dollars and 4.2474 in

Under the gold standard of currency exchange that ecisted from 1879 to 1914, an ounce of gold cost $20.67 in U.S. dollars and 4.2474 in British pounds. Therefore find the exchange rate of pounds per dollar under this fixed exchange regime.

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