Which of the Following Is True of the Short Michigan

question 1

Multiple Choice

Which of the following is true of the Short Michigan Alcoholism Screening Test (SMAST) ?

• A) It tends to produce false-positive results and offers very general diagnoses of alcohol problems.
• B) It is a simple, quick test but offers a low degree of reliability and validity.
• C) It is specifically designed to target alcohol-abusing populations over the age of 30.
• D) It generates weighted scores ranging from 0 to 53. Scores of 20 or higher indicate severe.

---

Definitions:

Interest Rates

The cost of borrowing money or the rate paid for the privilege of using someone else's money, usually expressed as a percentage.

Inverted Yield Curve

An inverted yield curve occurs when long-term debt instruments have a lower yield than short-term debt instruments, often considered a forewarning of economic recession.

Convertible Bonds

Bonds issued by a corporation that can be converted into a predetermined number of the company's shares at certain times during the bond's life, usually at the discretion of the bondholder.

Bond Yields

The return an investor realizes on a bond, calculated as the annual interest payment divided by the bond's current market price.