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Business, 16.03.2020 17:48 yuvallevy14
Under the gold standard of currency exchange that existed from 1879 to 1914, an ounce of gold cost $20.67 in U. S. dollars and £4.2474 in British pounds. Therefore, the exchange rate of pounds per dollar under this fixed exchange regime was:.A) £4.8665/$.B) £0.2055/$.C) always changing because the price of gold was always changing. D) unknown because there is not enough information to answer this question.
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