Under the gold standard, when the United States and the United Kingdom exchanged their currencies at a rate of the $20.67/₤£4.247, the exchange rate was a ________.
A) floating rate
B) fixed exchange rate
C) par value
D) pegged rate

Name: Under the gold standard, when the United States and the United Kingdom exchanged their currencies at a rate of the $20.67/₤£4.247, the exchange rate was a ________. A) floating rate B) fixed exchange rate C) par value D) pegged rate
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Question

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The Answer is B

Under the Gold Standard, When the United States and the United