Under the Gold Standard,if the U

question 77

Multiple Choice

Under the gold standard,if the U.S.dollar was fixed at $30/oz of gold and Japan was fixed at ¥75/oz of gold,what would be the Yen/dollar exchange rate?

• A) ¥2.50/$
• B) $2.50/¥
• C) ¥0.40/$
• D) ¥2250/$

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