Calculate all possible exchange rates between the currencies


Problem

Assume the following gold prices have been declared by the central banks:

a Bank of England £300

b Federal Reserve System $475

c European Central Bank d500

d Reserve Bank of Australia A$700

e Bank of Canada C$600.

Calculate all possible exchange rates between the currencies.

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Macroeconomics: Calculate all possible exchange rates between the currencies
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