It is calculation with 5 marks

1a. Assume that a Malaysian commercial bank's bid quote of Australian dollar (AUD) is RM3.1 and ask price is RM3.2. If you have ringgit, what is the amount of ringgit that you need to purchase 10,000 Australian dollars? Option 1 1b. You just received a gift from a friend consisting of 6.000 Singapore dollars (SGD). which you would like to exchange for the euro. You observe that exchange rate quotes for the euro are currently RM4.8 per euro, while quotes for SGD are RM3.0 per SGD. How many euros should you expect to receive for your Singapore dollars? Option 1