To find out what an ounce of gold should be worth in U.S. dollars, we need to convert the value of gold in pounds to U.S. dollars. Here's how we do it:

Step 1: Identify the value of gold in pounds. In this case, it's 6 pounds per ounce.

Step 2: Identify the exchange rate between pounds and U.S. dollars. In this case, it's $4 = £1.

Step 3: Convert the value of gold in pounds to U.S. dollars. To do this, multiply the value of gold in pounds by the exchange rate. So, 6 pounds * $4 = $24.

So, an ounce of gold should be worth $24.00 in U.S. dollars.

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To find out what an ounce of gold should be worth in U.S. dollars, we need to convert the value of gold in pounds to U.S. dollars. Here's how we do it:

Step 1: Identify the value of gold in pounds. In this case, it's 6 pounds per ounce.

Step 2: Identify the exchange rate between pounds and U.S. dollars. In this case, it's $4 = £1.

Step 3: Convert the value of gold in pounds to U.S. dollars. To do this, multiply the value of gold in pounds by the exchange rate. So, 6 pounds * $4 = $24.

So, an ounce of gold should be worth $24.00 in U.S. dollars.

Knowee AI · Accepted Answer

To find out what an ounce of gold should be worth in U.S. dollars, we need to convert the value of gold in pounds to U.S. dollars. Here's how we do it:

Step 1: Identify the value of gold in pounds. In this case, it's 6 pounds per ounce.

Step 2: Identify the exchange rate between pounds and U.S. dollars. In this case, it's $4 = £1.

Step 3: Convert the value of gold in pounds to U.S. dollars. To do this, multiply the value of gold in pounds by the exchange rate. So, 6 pounds * $4 = $24.

So, an ounce of gold should be worth $24.00 in U.S. dollars.

Suppose that Britain pegs the pound to gold at 6 pounds per ounce, whereas the exchange rate between pounds and U.S. dollars is $4 = £1. What should an ounce of gold be worth in U.S. dollars?$0.67$24.00$1.50$0.42

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