Determine Which of the Four Levels of Measurement Is Most

question 6

Multiple Choice

Determine which of the four levels of measurement is most appropriate. Level of satisfaction of survey respondents.

• A) Ratio
• B) Nominal
• C) Interval
• D) Ordinal

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Definitions:

Spot Exchange Rate

The spot exchange rate is the current price at which one currency can be exchanged for another for immediate delivery.

Futures Price

Futures Price is the agreed-upon price for the purchase or sale of a particular asset at a future date, determined in the futures market.

Stock Index Futures

Futures contracts to buy or sell a specific stock index at a predetermined price on a specified future date, used for hedging or speculating on the direction of the stock market.

Multiplier

A concept in economics referring to the factor by which a change in investment, government spending, or other economic activity results in a larger change in the gross domestic product (GDP).