An Item Bank Is

question 52

Multiple Choice

An item bank is

• A) a computerized system whereby test items "pay dividends" only when used.
• B) the optimum combination of reliability and validity in an item.
• C) a set of items from which a test can be constructed.
• D) a statistical "IRA" for data relating to high and low scorers on a test.

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Definitions:

APC

The Average Propensity to Consume, which measures the fraction of income that households spend on goods and services rather than saving.

Disposable Income

The spendable income of households after income tax deductions tailored for saving and spending.

Disposable Income

The financial resources meant for household spending and saving after settling income taxes.

Saving

The act of setting aside a portion of current income for future use, either by holding the funds in cash or investing them.