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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Definitions:

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A group of individuals or organizations that interact for the purpose of sharing information, resources, and support, often leading to professional opportunities.

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The act of keeping something in an existing state or condition, often to preserve its functionality or appearance.

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