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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). mo 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? ) Q3: Answer the following: (6 Marks) Bank Quotations British pounds Euros American Terms Bid Ask $ 1.9714 $ 1.9719 $ 1.4740 $ 1.4745 European Terms Bid Ask 0.5071 0.5072 0.6782 0.6784 A. Using the table above, what is the bid price of euro in terms of pounds (Bid cross rate of /)? Q3: Answer the following: (6 Marks) Bank Quotations British pounds Euros American Terms Bid Ask $ 1.9714 $ 1.9719 $ 1.4740 $ 1.4745 European Terms Bid Ask 0.5071 0.5072 0.6782 0.6784 A. Using the table above, what is the bid price of euro in terms of pounds (Bid cross rate of / )

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