Suppose the U

question 127

Multiple Choice

Suppose the U.S.dollar is defined by law as being equal to 0.1 ounce of gold.Further suppose the British pound is defined as being equal to 0.05 ounce of gold.The implied exchange rate between the pound and the dollar is

• A)A flexible rate at which $1 = 2 pounds.
• B)A fixed rate at which $1 = 2 pounds.
• C)A fixed rate at which $2 = 1 pound.
• D)A flexible rate at which $2 = 1 pounD.One could take a dollar and use it to get .1 ounce of gold,then take the .1 ounce of gold and exchange it for 2 British pounds; therefore the implied exchange rate between the pound and the dollar is $1 = £2.

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Definitions:

Muscle Tone

The continuous and passive partial contraction of the muscles, or the muscle's resistance to passive stretch during resting state.

Blood Concentration

Blood concentration refers to the amount of a particular substance present in a given volume of blood, often measured to assess health or the effects of substances or medications.

Draining

The act or process of depleting or being depleted of resources or energy.

Inert Substance

A substance that does not undergo chemical reactions under a set of given conditions, often used as a control in experiments.