Examlex
You have just finished a unit on basic material that you want your students to know thoroughly before you proceed to more difficult material.You construct what you believe is a challenging test over the material and administer it to your class.You then score the test and conduct an item analysis.You find that item difficulty values for all the items are between .90 and 1.00.You should conclude that:
Domestic Banks
Financial institutions that operate within the legal jurisdiction of a specific country, accepting deposits and making loans.
Rule 10b-5
A regulation promulgated under the Securities Exchange Act of 1934, prohibiting fraud, misrepresentation, and deceit in securities transactions.
Schemes and Devices
Techniques or plans, oftentimes deceptive or fraudulent, used to achieve a specific goal or to evade regulations.
Federal Securities Laws
Federal securities laws are regulations enforced by the federal government to govern the sale, purchase, and distribution of securities to protect investors and ensure a fair market.
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