Question: Consider two foreign exchange quotations between U.S. dollar (USD) and euro (EUR): USD 1.25/EUR and EUR 0.8/USD. 1) Which one is European term? 2) Which

Consider two foreign exchange quotations between U.S. dollar (USD) and euro (EUR): USD 1.25/EUR and EUR 0.8/USD. 1) Which one is European term? 2) Which one is direct quotation in the United States? 3) Which one is direct quotation in the euro zone 4) Which one is the price of USD in EUR

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