Kizspy | Question: 9
(Choose 1 answer)
Suppose that Britain pegs the pound to gold at six pounds per ounce, whereas the exchange rate between
pounds and U.S. dollars is $5 £1. What should an ounce of gold be worth in U.S. dollars?
A. $29.40
B. $30.00
C. $0.83
D. $1.20
