The Use of Efficient Payment Systems Like Electronic Fund Transfer

question 10

True/False

The use of efficient payment systems like electronic fund transfer in the United States led to an increase in the velocity of money.

---

Definitions:

Norm-Referenced Format

A type of assessment or testing where the performance of an individual is compared to a normative group.

Direct Output Measures

Metrics used to directly assess the quantity, quality, or efficiency of work produced by an individual or group.

Norm-Referenced Appraisal

An evaluation method comparing an individual's performance or characteristics to the norm of a larger group.

Forced Distribution

A performance evaluation method where employees are ranked in accordance with a predetermined distribution curve, often leading to a fixed number of employees in categories like high, medium, and low performers.