Assume the US dollar and the Japanese yen are both on the gold standard. The...
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Assume the US dollar and the Japanese yen are both on the gold standard. The price of gold is set at $25 per oz. and 6,000 per oz. What will be the exchange rate between the yen and the dollar?
| A.) 200 per dollar | ||
| B.) 240 per dollar | ||
| C.) 250 per dollar |
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