If the Correlation Between Two Variables Is Close to One,the

question 31

Multiple Choice

If the correlation between two variables is close to one,the association is

• A)strong.
• B)moderate.
• C)weak.
• D)none.

---

Definitions:

Forward Contract

A financial contract between two parties to buy or sell an asset at a predetermined future date and price.

Future Date

A specified date in the future at which an event is scheduled to occur or a deadline is to be met.

Quantity

The amount or number of a material or immaterial entity that is accessible or demanded.

Price

The amount of money expected, required, or given in payment for something.