Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Case Study 4 It was during the on the job training in Bank Muscat that Ahmed met with four of his friends. They came to

image text in transcribed
Case Study 4 It was during the on the job training in Bank Muscat that Ahmed met with four of his friends. They came to bank for different purpose. Asim, who studied with Ahmed during school days, is a businessman now. He started a mobile spare part shop. He buys spare parts regularly from China and sells it in Oman. He wishes to start an account in the bank for his business purpose. Munir, another friend of Ahmed from school days, is a teacher now. He prefers to save RO10,000 for two years, that can provide additional yield/income. Moemin, who studied with Ahmed in the college, is a businessman as well. He already has an account in the bank for his business. At present, he wants to start another account which will allow him to take a temporary loan from the bank. Saeed, who studied with Ahmed in the college, is currently owned a shopping complex. His purpose of visit was to open an account in which he wants to deposit regularly. He wishes to make use of this deposit after few years. Based on the above scenario, answer the following questions. Question No. 7 a. If you are in place of Ahmed, which type of account/services will you prefer for each of his friends (Asim, Munir, Moemin and Saeed). Provide justification for each. 4Marks b. What are the additional facilities/services that you can offer to Asim and Moemin in addition to the deposit accounts? Justify your answer. 1 Mark

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Digital Currencies

Authors: Santiago Trevey

1st Edition

979-8353712886

More Books

Students also viewed these Finance questions

Question

1. What is meant by Landslide? 2.The highest peak in Land?

Answered: 1 week ago

Question

What are the impact of sand mining in rivers ?

Answered: 1 week ago

Question

What are the important Land forms in Lithosphere ?

Answered: 1 week ago

Question

What Is The Responsibility Of A Pharmacist?

Answered: 1 week ago