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
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
Similar Questions
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?
You are a price maker. Your 6-month EUR/USD swap rate is 25/26. At what rate would a corporate customer buy and sell USD spot versus 6 months?
Calculate the EUR/JPY spot rate using the following spot rates: EUR/USD: 1.1360 USD/JPY: 109.4818 (Round your answer to 2 decimal places)
If it takes 1.25 euros to buy 1 US dollar, the direct quote for the exchange rate is:Group of answer choicesUSD/EURO 0.25EURO/USD 1.00USD/EURO 1.25EURO/USD 0.8
80% OFForiginal price!Jasmine wants to buy a dollhouse. The original price is $67.20. How much will Jasmine pay if she buys it during the sale?