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If we were still on the gold standard, and the price of gold was $20.67 USD/oz, or $23 CAD/oz, what is the USD/CAD exchange rate? |
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Answer» Given : still on the GOLD STANDARD and the price of gold was $20.67 USD/oz, or$23 CAD/oz, To Find : USD/CAD exchange rate price of gold $20.67 USD/oz, price of gold $23 CAD/oz, => $20.67 USD = $23 CAD => 1 USD = 23 /20.67 CAD => 1 USD $ = 1.1127 CAD $ or $20.67 USD = $23 CAD => 20.67/23 USD = 1 CAD => 0.8987 USD $ = 1 CAD $ learn More: A holiday in Europe was ADVERTISED at a cost of €995. The exchange ... On a particular day, the exchange rate for 200 AED is worth Rs.3800 ... |
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