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alexdok [17]
3 years ago
6

Under the gold standard of currency exchange that existed from 1879 to 1914, an ounce of gold cost $20.67 in U.S. dollars and £4

.2474 in British pounds. Therefore, the exchange rate of pounds per dollar under this fixed exchange regime was: A. always changing because the price of gold was always changing B. £4.8665/$ C. unknown because there is not enough information to answer this question D. £0.2055/$
Business
1 answer:
Elena-2011 [213]3 years ago
8 0

Answer:

The answer is £0.2055/$

Explanation:

Exchange rate is the price of one currency in terms of another. It is also the number of units of one currency(price currency) that one unit of another currency(base currency) will buy.

In US, an ounce of gold = $20.67

In british, it costs £4.2474

Therefore, exchange rate of pounds per dollar =

£4.2474/$20.67

=£0.2055/$

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IgorC [24]

Answer:

17.3%

Explanation:

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where,

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8 0
3 years ago
At the present time, Water and Power Company (WPC) has 5-year noncallable bonds with a face value of $1,000 that are outstanding
kicyunya [14]

Answer:

6.53%      

Explanation:

For computing the after cost of debt we need to use the RATE formula i.e to be shown in attached spreadsheet. Kindly find it below:

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3 years ago
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GenaCL600 [577]
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