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Q1: (6 Marks) A. If the S/ bid and ask prices are $1.50/ and $1.51/, respectively, the corresponding /S bid and ask prices (Bid and

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Q1: (6 Marks) A. If the S/ bid and ask prices are $1.50/ and $1.51/, respectively, the corresponding /S bid and ask prices (Bid and Ask for /S) are Q2: (6 Marks) An Omani businessman has just completed transactions in UAE and Saudi Arabia . He is now holding AED 710,000 and SAR 1,210, 000 and wants to convert it to Omani rial (OMR). His currency dealer provides this quotation: Bid Ask SAR/USD USD/AED OMR/USD 3.7500 + 12 0.2722 08 0.3846 04 What are his proceeds from conversions? soker I colles

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