Answer
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The ratio of the USD to the Euro has to do with how much each currency can buy. Thus, this ratio has to do with how much each currency inflates or deflates. Currently, 1 USD is worth .86 Euro.
Microeconomics: Principles, Problems, & Policies, 20th Edition
by McConnell, Campbell; Brue, Stanley; Flynn, Sean
Published by
McGraw-Hill Education
ISBN 10:
0077660811
ISBN 13:
978-0-07766-081-9
Chapter 25 - The Balance of Payments, Exchange Rates, and Trade Deficits - Discussion Questions - Page 579: 5
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