A statistical measure of the strength of the relationship between two random variables X and Y is referred to as the:

a. expected value
b. variance
c. covariance
d. standard deviation

C

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What is the largest financial market in the world measured in dollar-volume trade?

A) the U.S. stock markets B) the currency markets C) the forward and swap currency markets D) the global market for loanable funds

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Cash flows used in net present value and internal rate of return analyses ignore ________.

A.) residual value B.) future increased sales C.) depreciation expense D.) future cost savings

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