Golden Rule. Under the gold? standard, the price of an ounce of gold in U.S. dollars was $ 20.62?, while the price of that same ounce in British pounds was pound 3.8552£. What would be the exchange rate between the dollar and the pound if the U.S. dollar price had been $ 42.18 per ounce of? gold?
The implied ?$/pound£ exchange rate if the U.S. dollar price is $ 20.62 oz of gold is $? /£ ?(Round to four decimal? places.)
The implied ?$/pound£ exchange rate if the U.S. dollar price had been $ 42.18 oz of gold is ? $ ? /£. (Round to four decimal? places.)