If an ounce of gold trades in the U.S. for $1,197 and it trades in the...

 

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If an ounce of gold trades in the U.S. for $1,197 and it trades in the UK for £ 829, according to Purchasing Power Parity what should be the exchange rate of the British Pound per U.S. dollar (e. fx rate expressed in S/E)? Note; Enter your answer rounded to the fourth digit after the decimal point. If your answer is 1.13768, enter it as 1.1377. If an ounce of gold trades in the U.S. for $1,197 and it trades in the UK for £ 829, according to Purchasing Power Parity what should be the exchange rate of the British Pound per U.S. dollar (e. fx rate expressed in S/E)? Note; Enter your answer rounded to the fourth digit after the decimal point. If your answer is 1.13768, enter it as 1.1377.