Of the Following, Which Correlation Coefficient Indicates the Strongest Relationship

question 103

Multiple Choice

Of the following, which correlation coefficient indicates the strongest relationship between two variables?

• A)+0.80
• B)+0.65
• C)-0.70
• D)-0.89

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Definitions:

Board of Governors

The leading body of the Federal Reserve System, overseeing the Federal Reserve Banks and setting monetary policy.

Appointed

Designated or assigned to a position or role.

Open Market Operations

The purchase and sale of government securities by a central bank to control the money supply and interest rates.

Monetary Policy

Actions undertaken by a country's central bank to control the money supply and interest rates to achieve macroeconomic objectives like controlling inflation, consumption, growth, and liquidity.