China Has Used a Fixed Yuan Exchange Rate and a Crawling

question 327

Short Answer

China has used a fixed yuan exchange rate and a crawling peg exchange rate. In both cases, China pegs its currency to the

Understand the concept of validity, including face validity, expert validity, and construct validity.

Distinguish between the various scales of measurement (NOIR) and their significance.

Grasp the distinction between nominal, ordinal, interval, and ratio levels of data and their uses.

Learn about the purpose and importance of inter-item reliability and intercoder reliability.

---

Definitions:

Subjective Criteria

Evaluation or judgment criteria based on personal opinions, interpretations, feelings, or judgments, rather than on objective data or evidence.

Pencil-and-Paper Tests

Traditional forms of assessments or examinations where responses are written or selected on paper, often used for educational or psychological testing.

Polygraphs

Lie detector tests that measure physiological responses to questions in order to infer truthfulness.

Reliability and Validity

Terms used in research and testing to describe, respectively, the consistency of results over time and the accuracy of measuring what it is supposed to measure.