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I a Correlation Coefficient of -1 or +1 Indicates Perfect

question 18

Multiple Choice

i. A correlation coefficient of -1 or +1 indicates perfect correlation.
ii. A coefficient of correlation r close to 0 (say, 0.08) shows that the relationship between two
Variables is quite weak.
iii. Coefficients of -0.91 and +0.91 have equal strength.

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Exchange Rate

How much one currency is worth in terms of crossing over to another currency.

Mexican Demand Curve

A graphical representation showing the quantity of goods that consumers in Mexico are willing and able to purchase at various prices.

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The official currency of the United States, widely used as a standard of exchange in international markets.

Pesos

The currency unit used in several countries, notably Mexico and Argentina, among others.

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