The percent of the variation in asset value that is explained by variation in a currency value is called the ______.
A) beta
B) price elasticity of demand
C) r-square
D) slope coefficient
E) None of the above

Question

The percent of the variation in asset value that is explained by variation in a currency value is called the ______.
A) beta
B) price elasticity of demand 
C) r-square
D) slope coefficient
E) None of the above

Quizplus · Accepted Answer

The percent of the variation in asset value that is explained by variation in a currency value is the r-square, which measures the strength and direction of the relationship between two variables. Beta is a measure of systematic risk, price elasticity of demand measures the responsiveness of demand to changes in price, and slope coefficient measures the change in the dependent variable for a unit increase in the independent variable.

The Percent of the Variation in Asset Value That Is