Under the gold standard, the price of an ounce of gold in U.S. dollars was $20.67, while

Question:

Under the gold standard, the price of an ounce of gold in U.S. dollars was $20.67, while the price of that same ounce in British pounds was £3.7683. What would the exchange rate between the dollar and the pound be if the U.S. dollar price had been $42.00 per ounce?

Exchange Rate
The value of one currency for the purpose of conversion to another. Exchange Rate means on any day, for purposes of determining the Dollar Equivalent of any currency other than Dollars, the rate at which such currency may be exchanged into Dollars...