If the United States and Britain were both on the gold standard with the dollar worth 1/20 of an ounce of gold and the pound worth 1/5 of an ounce of gold,the exchange rate in terms of the dollar to the pound would be
A) $0.10.
B) $0.50.
C) $1.
D) $4.
E) $5.
Correct Answer:
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