Question: Consider two foreign exchange quotations between U.S. dollar (USD) and Japanese yen (JPY): USD 0.0125/JPY and JPY 8O/USD. 1) Which one is American term? 2)

Consider two foreign exchange quotations between U.S. dollar (USD) and Japanese yen (JPY): USD 0.0125/JPY and JPY 8O/USD. 1) Which one is American term? 2) Which one is indirect quotation in the United States? 3) Which one is direct quotation in Japan? 4) Which one is the price of USD in JPY? T T T Arial 3 (12pt) T. - E

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