Question 3

Provide short but precise answers to the following questions

a.Considering the threat money laundering poses for international finance, what are bankers required to do to prevent this criminal act?

b.What do you consider the most important variables in assessing country risk?

c.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.

d.In what way is the market for private banking services changing? Do these changes represent threats or opportunities for international bankers?