Question: With using a Texas Instrument, BA II calculator only. I need to understand how you got this answer. Thank you. Golden Ounce. Under the gold

With using a Texas Instrument, BA II calculator only. I need to understand how you got this answer.

Thank you.

With using a Texas Instrument, BA II calculator only. I need

Golden Ounce. Under the gold standard, the price of an ounce of gold in U.S. dollars was $20.63, while the price of that same ounce in British pounds was 3.7711. What would be the exchange rate between the dollar and the pound if the U.S. dollar price had been $42.02 per ounce of gold? R The implied $/ exchange rate if the U.S. dollar price is $20.63/oz of gold is $ J. (Round to four decimal places.)

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