Between 1879 and 1934, the world's major nations adhered to the Gold Standard. Consider American and German currencies under the Gold Standard. Suppose that Germany defined one mark as worth 90 grains of gold and the United States defined $1 as worth 150 grains of gold.
Under the Gold Standard, a German mark would have been worth:
A. $1.00
B. $1.67
C. $0.60
D. $0.30
MacroEconomics: Gold Standard?
Number C is correct: 90/150=0,6
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