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27 November, 21:31

The country of Ambos Republic defined its currency, ambos, as being equivalent to 16 grains of "fine" (pure) gold. Assuming that there are 480 grains in an ounce, the gold par value of the ambos is

a.) 30

b.) 22

c.) 14

d.) 28

e.) 20

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Answers (1)
  1. 27 November, 23:13
    0
    A. 30

    Explanation:

    Given that

    16 grains of fine gold = 1 ambos

    480 grains in ounce

    Recall that par value = face value.

    Therefore

    Gold par value of 480 grains of ambos

    = 480 : 16

    = 30
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