Of the Following Correlation Coefficients, Which Expresses the Weakest Association

question 33

Multiple Choice

Of the following correlation coefficients, which expresses the weakest association?

• A) .10
• B) 0
• C) -.50
• D) -1.00

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Definitions:

Effective Annual Interest Rate

The actual return on an investment or the real cost of a loan, accounting for the compounding of interest over a year.

Line of Credit

A financial arrangement providing the borrower the right to draw funds up to a specified limit at any time within a fixed period.

Compensating Balance

A minimum account balance that a borrower is required to maintain as a condition of borrowing from a lender, often used to offset the cost of maintaining the loan.

Accounts Payable Period

The average time it takes for a company to pay off its suppliers.