Measurements Can Be Made with Varying Degrees of Precision, Which

question 4

Multiple Choice

Measurements can be made with varying degrees of precision, which refers to the fineness of the distinctions made between the attributes that compose a variable. The key standards for measurement quality are _____.

• A) reliability and accuracy.
• B) validity and timeliness.
• C) reliability and consistency.
• D) reliability and validity.

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Definitions:

Potential Arbitrage

An opportunity to buy an asset at a low price in one market and sell it at a higher price in another, profiting from the difference.

Generalized Fisher Effect

The theory suggests that the real interest rate is independent of monetary measures, relating nominal interest rates in one country to expected inflation rates.

Triangle Arbitrage

A method of profiting from the inconsistency in exchange rates between three currencies in the foreign exchange market by converting them sequentially.

Canadian Dollar

The official currency of Canada, often represented by the symbol CAD or $CA, and used throughout the Canadian economy.