Multiple Choice
Suppose a £1 gold coin in the UK contained 115 grains of pure gold,while a $1 gold coin in the US contained 25 grains.What is the mint parity exchange rate between pounds and dollars?
A) £4.87 per dollar
B) $4.87 per pound
C) $) 22 per pound
D) £0.22 per dollar
Correct Answer:
Verified
Correct Answer:
Verified
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