Multiple Choice
Assume £1 (pounds sterling) gold coin in the United Kingdom contains 113.0016 grains of pure gold,while the $1 gold coin in the US contains 23.22 grains.If the cost of shipping £1 from London to New York was 3 cents,the gold export point of the UK pound is _____,and the gold import point is ________.
A) $113.16; $113.22
B) $4.90; $4.84
C) $19.16; $19.22
D) cannot be determined from information given
Correct Answer:
Verified
Correct Answer:
Verified
Q43: The _ effect explains that,after a depreciation
Q44: The gold standard was operated in the
Q45: A depreciation of the US dollar makes
Q46: _ represents the fixed exchange rates defined
Q47: When a(n)_ condition is present,a disturbance from
Q49: The _ explains why it may take
Q50: In a closed economy without a government
Q51: The closed economy multiplier is equal to
Q52: Suppose a £1 gold coin in the
Q53: The US demand for euros is always_.<br>A)negatively