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Yes it it spelled correctly.
To multiply or divide signed integers, always multiply or divide the absolute values and use these rules to determine the sign of the answer:
1. The product of two positive integers or two negative integers is positive.
2. The product of a positive integer and a negative integer is negative.

To multiply two positive numbers, you get a positive answer.
To multiply two negative numbers, you get a positive answer.
If you multiply negative by positive, you get a negative.
If you multiply positive by negative, you get a negative.
And yes, that is spelled correctly.

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