Question: Below is the answer, could you show me step by step in how to get the answer? I will give more than 1 upvotes Question

Below is the answer, could you show me step by step

Below is the answer, could you show me step by step in how to get the answer? in how to get the answer? I will give more than 1

I will give more than 1 upvotes

Question 3 Consider the following quotations, and compute the cross-exchange rate matrix with respect to USD. USD EUR GBP SGD 1.5091 2.0948 3.0595 SEK 6.6716 9.2608 13.5256 CHF 1.1883 1.6495 2.4091 Lower Triangular Matrix SGD SEK CHF SGD 1 SEK 4.4209 1 CHF 0.78746 0.17811 1 SEK SGD = == 6.6716 = 4.4209 1.5091 cross SEK/USD SGD/USD CHF/USD SGD/USD CHF SGD = 1.1883 = 0.78746 1.5091 cross CHF SEK = CHF/USD SEK/USD = 1.1883 6.6716 = 0.17811 cross

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