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Provide short but precise answers to the following questions If the price of Saudi riyal is $0.4, then the price of a dollar? Now you

Provide short but precise answers to the following questions

  1. If the price of Saudi riyal is $0.4, then the price of a dollar? Now you are in Saudi Arabia, and you give the bank $50 and the bank gives you back 200 riyals. Express the exchange rate between dollars and riyals.
  2. In what way is the market for private banking services changing? Do these changes represent threat or opportunities for international bankers?

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