Coures forex managment

Ques 3: (2 marks) Mr. Hasan got admission in a reputed University in London. He needs GBP 80,000 to meet his educational expenses. He got the following exchange rate quotes from three Omani Banks. Name of the Bank Bid Rate Ask Rate Ahli Bank OMR 0.5360/GBP OMR 0.5382/GBP Bank Muscat OMR 0.5346/GBP OMR 0.5396/GBP HSBC-Oman OMR 0.5298/GBP OMR 0.5364/GBP Mr.Hasan do not know which bank's offer he should accept. Determine which bank's offer will be beneficial to Mr. Hasan. Determine the cost in OMR to buy GBP 80,000 and advise Mr. Hasan by explaining why he should accept that particular bank's offer