1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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/$

You might be interested in
Suppose that the Fed has decided to utilize the Taylor rule to implement monetary policy. If the actual federal funds rate targe
spin [16.1K]

Answer:

The correct answer is:

A) monetary policy is very expansionary.

Explanation:

In this case the Taylor Rule states that the Fed must increase rates as the target of the inflation is up the Gross Domestic Product. Therefore, according to the expansionary policy, the central bank employs certain mechanisms in order to look with favor on the economy. The main idea of this strategy is to be able to lower the interest rates and also to increase the aggregate demand.

5 0
3 years ago
Proof that the dollar amount of the debits equals the dollar amount of the credits in the ledger means a.all accounts have their
Pani-rosa [81]

Answer:

c.only that the debit dollar amounts equal the credit dollar amounts

Explanation:

For recording the business transactions, the first step is journalizing through recording. After that we post these to their respective account which we called ledger accounts.

The motive of recording the business transactions is to equate the debit and credit sections as per the double accounting through which the financial statements should be verified, and correct in all aspects.

6 0
3 years ago
3. What are you doing to maxiumize your profits at this time?​
Zanzabum

Answer:

investing

Explanation:

it is good to invest your money in things that you know will be of greater value in the future. For example, "Apple statistics" states that If you had bought $1,000 worth of Apple shares on January 9, 2007, the day Steve Jobs unveiled the original iPhone at MacWorld 2007, your investment would now be worth $26,103.

8 0
4 years ago
Read 2 more answers
I work in a small shop in my country. The central government owns the shop, tells me what to sell, how many products to sell, an
Natasha_Volkova [10]

Answer:

Market

Explanation:

A market economy is a system where the laws of supply and those of demand direct the production of goods and services. 1  Supply includes natural resources, capital, and labor. Demand includes purchases by consumers, businesses, and the government. Businesses sell their wares at the highest price consumers will pay.

~Hope this helps

7 0
3 years ago
Abby has a weekly budget of $75 to spend on fruit and vegetables. She decides to buy 2 pounds of organic fruit at a cost of $7.5
Gre4nikov [31]

Answer:

m=$10

Explanation:

money spent on organic fruit=2×$7.5= $15.0

money left=$75-$15=$60

she bought 6 lbs of organic vegetables,

.: money spent on each lb of vegetable × 6 = $60

m × 6 = $60

m = $60/6

m= $10

7 0
4 years ago
Read 2 more answers
Other questions:
  • When friends of Brian Richardson went to the carnival, they always wanted to take him with them because Richardson had an uncann
    13·1 answer
  • Suppose that the price of chicken rises sharply compared to the price of turkey. In response, consumers buy more turkey and less
    13·1 answer
  • About two-thirds of all U.S. commercial banks are chartered by the state in which they are based.The banks are called _________
    15·1 answer
  • Keyser Beverage Company reported the following items in the most recent year.
    9·1 answer
  • If John wants to start a new bank account with only $3,000, what type of bank account should he get if
    5·1 answer
  • Suppose american winemakers convince the federal government to issue a directive to serve only domestically produced wine at gov
    10·1 answer
  • An agent of a broker-dealer puts up a website that promotes the benefits of dollar cost averaging, including the caveat that it
    5·1 answer
  • On a particular day, the Dow Jones had a rate of change of -2.1%. Which of the following statements must also be true?
    7·1 answer
  • RideShare offers short-term rentals of vehicles that are kept in small lots in urban neighborhoods with plenty of potential cust
    11·1 answer
  • What are the function of a refrigerator ​
    6·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!