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Suppose that the current exchange rate is HK$7.8 = US$00. The implied quote between HK$ and US$ in American term is US$1.00 = HK$7.8 HK$1.00

  1. Suppose that the current exchange rate is HK$7.8 = US$00. The implied quote between HK$ and US$ in American term is
    1. US$1.00 = HK$7.8
    2. HK$1.00 = US$0.1282
    3. HK$7.8 = US$1.00
    4. US$1.00 = HK$0.1282

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