c. How are foreign exchange markets connected for trading activities? Telecommunications
9. American and European Terms. With reference to interbank quotations, what is the difference between American terms and European terms?
10. Direct and Indirect Quotes. a. Define and give an example of a direct quote between the U.S. dollar and the Mexican peso, where the United States is designated as the home country.
b. Define and give an example of an indirect quote between the Japanese yen and the Chinese renminbi (yuan), where China is designated as the home country.