Imagine You Have Series of Similar Questions That Measure the Same

question 45

Multiple Choice

Imagine you have series of similar questions that measure the same concept. What could you use to average or sum the responses of each question?

• A) a index or scale
• B) a categorical variable
• C) a dichotomous variable
• D) a set of discrete variables

Know the roles and responsibilities of banks in the check clearing house system.

Differentiate between various electronic fund transfer systems and their regulatory framework.

Grasp the legal implications of actions such as forgery, fraud, and unauthorized transactions in banking.

Understand the concepts of electronic fund transfers and the technologies enabling these transactions.

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Definitions:

Social Overhead Capital

Public capital investments in infrastructure like roads, schools, and hospitals, which are necessary for economic activity but not directly profitable.

Human Capital

Refers to the skills, knowledge, and experience possessed by an individual or population, viewed in terms of their value or cost to an organization or country.

Financial Capital

Economic resources measured in terms of money used by entrepreneurs and businesses to buy what they need to make their products or provide their services.

Peer Lending

A financing method where individuals lend and borrow money to each other directly without the intervention of traditional financial institutions.