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i. Perfect correlation means that the scatter diagram will appear as a straight line ii. If the coefficient of correlation is 0.80, the coefficient of determination is 0.64.
iii. The coefficient of determination can assume values between 0% and 100%
Japanese Yen
The official currency of Japan, which is one of the most traded currencies in the world.
Gold Standard
A monetary system where a country's currency or paper money has a value directly linked to gold, used historically by various nations.
Trade Deficit
A situation that occurs when a country's imports of goods and services exceed its exports, leading to a negative balance of trade.
Currency
The system of money in general use in a particular country.
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