The Measurement Scale Suitable for Quantitative Data Is _____ Scale

question 74

Multiple Choice

The measurement scale suitable for quantitative data is _____ scale.

• A) the ordinal
• B) the nominal
• C) either the interval or ratio
• D) only the interval

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Definitions:

Exchange Rates

The price of one country's currency expressed in another country's currency, affecting international trade and economics.

Arbitrageurs

Individuals or entities that attempt to profit from price differences of the same or similar financial instruments, across different markets or in different forms.

Speculators

Investors who engage in the buying and selling of financial instruments, commodities, or other assets with the aim of making profits from short-term price fluctuations.

Risks

Pertains to the potential for losses or other adverse outcomes arising from uncertainties in decision-making or future events.