Examlex
Which of the following increases when the Fed makes open-market sales?
Proficiency
The state of being skilled or competent in a particular activity or field.
Standardization
The process of establishing norms and uniform procedures for administering tests or assessments to ensure fairness, reliability, and validity across different administrations.
Math Achievement Test
An evaluation designed to measure a person's proficiency and understanding of mathematical concepts and skills.
Predictive Validity
Predictive validity refers to the extent to which a test score or measure accurately predicts future performance on a related task or outcome.
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