Money Is Legal Tender If

question 5

Multiple Choice

Money is legal tender if:

• A)people willingly accept it in payment of debts.
• B)it is backed by gold or silver.
• C)it is commodity money.
• D)the government says it is.
• E)it is in a bank account.

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Definitions:

Coefficient Of Correlation

A statistical measure that calculates the strength and direction of a linear relationship between two quantitative variables.

COV

A statistical measure expressed as a coefficient indicating the relative dispersion of a dataset or the ratio of the standard deviation to the mean.

Coefficient Of Correlation

A statistical measure that quantifies the degree to which two variables' movements are associated, ranging from -1 to 1.

COV

Coefficient of Variation, a standardized measure of the dispersion of a probability distribution or frequency distribution.