Under the Gold Standard,if One US Dollar Could Be Traded

question 133

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

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