Under a gold standard in which France defined one franc to be worth 1/50th of an ounce of gold and the U.S. defined one dollar to be worth 1/10th of an ounce of gold, then
A. one U.S. dollar would exchange for five French francs.
B. the French franc is worth only one-tenth as much as the dollar is worth.
C. the U.S. dollar is valued at one-fifth of the French franc.
D. on French franc would exchange for ten dollars.
A. one U.S. dollar would exchange for five French francs.
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