Multiple Choice
Under the gold standard,if one US dollar could be traded for one half ounce of gold,and one British pound could be redeemed for one ounce gold,the exchange rate would be ________.
A) $1 = £4
B) $2 = £1
C) $4 = £1
D) $1 = £2
Correct Answer:
Verified
Correct Answer:
Verified
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