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Consider two foreign exchange quotations between U.S. dollar (USD) and Chinese yuan (CNY): CNY 6.25/USD and USD 0.16 /CNY. Which one is American term? Which

Consider two foreign exchange quotations between U.S. dollar (USD) and Chinese yuan (CNY): CNY 6.25/USD and USD 0.16 /CNY.

  1. Which one is American term?
  2. Which one is indirect quotation in the United States?
  3. Which one is direct quotation in China?
  4. Which one is the price of USD in CNY?

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