Answered

what is the ratio of 20¢ to 1.20 pesos?

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AwesomeHelperviz
0.20 : 1.20 
is the ratio
It means that, for every 0.20 pesos, there is 1.20 pesos. 
when both is multiplied by 2:
0.20 x 2 = 0.4
1.20 x 2 = 2.4
0.4 : 2.4