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(a) Using the information below, construct a 3x3 matrix of cross rates and their reciprocals: S(NZD/AUD) = 1.2023, S(GBP/AUD) = 0.3667, S(EUR/AUD) = 0.5959, Interpret

(a) Using the information below, construct a 3x3 matrix of cross rates and their reciprocals:

S(NZD/AUD) = 1.2023,

S(GBP/AUD) = 0.3667,

S(EUR/AUD) = 0.5959,

Interpret the first row and the first column of the matrix.

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