Which of These Tests Has Norms Based on a Carefully

question 12

Multiple Choice

Which of these tests has norms based on a carefully selected national sample?

• A) SAT
• B) ACT
• C) GRE
• D) ASVAB

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Definitions:

Open Market Operations

Operations by a central bank to buy or sell government bonds, corporate bonds, or equities.

Central Bank

A major financial institution responsible for overseeing the monetary system of a nation or group of nations, controlling inflation, issuing currency, and setting interest rates.

Government Bonds

Securities issued by a government to raise funds from the public with a promise to pay periodic interest payments and to return the face value on maturity.

Inflation

An economic condition characterized by a general increase in prices and fall in the purchasing value of money.