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Suppose, you are given the following quotation in the foreign exchange markets USD 1 = CNY 7.25 It is direct quotation from U.S. viewpoint and

Suppose, you are given the following quotation in the foreign exchange markets

USD 1 = CNY 7.25

  1. It is direct quotation from U.S. viewpoint and indirect quotation from Chinese viewpoint
  2. It is indirect quotation from U.S. viewpoint and direct quotation from Chinese viewpoint
  3. It is direct quotation from U.S. viewpoint and direct quotation from Chinese viewpoint
  4. It is indirect quotation from U.S. viewpoint and indirect quotation from Chinese viewpoint

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