lportis8379 lportis8379

07-01-2024
Business

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Suppose that the pound is pegged to gold at 6 pounds per ounce, whereas the franc is pegged to gold at 12 francs per ounce.

a) The pound is overvalued
b) The franc is overvalued
c) The pound is undervalued
d) The franc is undervalued

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