If the spot rate is OMR/ USD 0.380 and you are considering buying a 1 million USD today.. How much OMR will need to pay in order to buy $1 million?

Question

If the spot rate is OMR/ USD 0.380 and you are considering buying a 1 million USD today.. How much OMR will need to pay in order to buy $1 million?
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Solution 1

To calculate how much OMR you will need to pay in order to buy $1 million, you can use the spot rate of OMR/USD 0.380.

Step 1: Multiply the amount you want to buy ($1 million) by the spot rate (0.380): 1,000,000 USD * 0.380 OMR/USD = 380,000 OMR

Therefore, you will need to pay 380,000 OMR in orde Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob

Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solv

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