CHAPTER 11 QUESTION 7

After reading chapter 11, I learned a lot about currency and how different currencies relate to each other. Having been to a handful of foreign country's, Iv'e had a first hand experience with "currency exchange rates". I never got the concept of having a dollar be less than a euro and a euro being less than an English pound. However, after reading a little bit about currency and its flowing nature, I was able to learn that currency is constantly changing - depreciating or appreciating. Also, I learned that it's not necessarily a good nor bad thing for a currency to have high or low value - unless it's gotten to the point of hyper inflation or excess value.