When Using the CORREL Function,a Value of

question 62

Multiple Choice

When using the CORREL function,a value of .00007 would indicate:

• A)a weak relationship.
• B)a strong relationship.
• C)an inverse relationship.
• D)no relationship.

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Definitions:

Maturity Value

The total amount that will be paid out or received at the end of a financial instrument's term, including principal and interest.

Semi-Annually Compounded

Interest on an investment or loan that is calculated and added to the principal balance twice a year.

Quarterly Compounded

Interest is added to the principal every three months, with subsequent interest calculations based on the resulting total.

GIC

A Guaranteed Investment Certificate (GIC) is a type of Canadian investment that offers a guaranteed return over a fixed period.