(b) Exchange rate quotations can be classified into direct and indirect terms. Explain the above two classification with example. (4 marks) (c) Based on the below Bid and Ask spread for EUR/MYR, exchange MYR100,000 to Euro. BIO ASK 4.7666 4.7691 (2 marks) (d) Since the government of Malaysia has already open its border and allow international travelling, you are considering to travel to Turkey for 10 days. According to the travel agency, Turkey private travel package would cost you around TRY 15,000 per pax Upon checking, the exchange rate of Turkish Lira to Ringgit Malaysia is currently at TRY/MYR = 0.4218. Calculate the amount of Ringgit Malaysia you will need to prepare to pay for you and your spouse. (4 marks) (e) Haibatullah would like to exchange 5,000 Singapore Dollar to Saudi Riyal. Looking at the money changer board, he notices that SGD/MYR = 3.0800 and SAR/MYR = 1.1100. He wanted to know the rate of SGD / SAR. i. Compute the rate of SGD / SAR. (4 marks) ii. Calculate the total Saudi Riyal that Haibatullah will have after conversion. (2 marks) (b) Exchange rate quotations can be classified into direct and indirect terms. Explain the above two classification with example. (4 marks) (c) Based on the below Bid and Ask spread for EUR/MYR, exchange MYR100,000 to Euro. BIO ASK 4.7666 4.7691 (2 marks) (d) Since the government of Malaysia has already open its border and allow international travelling, you are considering to travel to Turkey for 10 days. According to the travel agency, Turkey private travel package would cost you around TRY 15,000 per pax Upon checking, the exchange rate of Turkish Lira to Ringgit Malaysia is currently at TRY/MYR = 0.4218. Calculate the amount of Ringgit Malaysia you will need to prepare to pay for you and your spouse. (4 marks) (e) Haibatullah would like to exchange 5,000 Singapore Dollar to Saudi Riyal. Looking at the money changer board, he notices that SGD/MYR = 3.0800 and SAR/MYR = 1.1100. He wanted to know the rate of SGD / SAR. i. Compute the rate of SGD / SAR. (4 marks) ii. Calculate the total Saudi Riyal that Haibatullah will have after conversion. (2 marks)