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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,

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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 3.7500 - 12 USD/AED 0.2722 - 08 OMR/USD 0.3846 - 04 What are his proceeds from conversions

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