Examlex

Solved

Explain the Importance of Conducting a Pilot Test

question 35

Essay

Explain the importance of conducting a pilot test. Give examples of what can happen when the test developer does not conduct a pilot test.


Definitions:

US Treasury Repo

A form of short-term borrowing for dealers in government securities, using U.S. Treasury securities as collateral.

SONIA

The Sterling Overnight Index Average, an important interest rate benchmark in the UK that represents the average of interest rates banks pay to borrow sterling overnight from other financial institutions.

LIBOR

The London Interbank Offered Rate, a benchmark interest rate at which major global banks lend to one another in the international interbank market for short-term loans.

Euribor

The Euro Interbank Offered Rate, which is the benchmark rate of the average interest rate at which major global banks lend to one another.

Related Questions