Examlex
________ is a measure of construct validity that measures the extent to which the scale correlates positively with other measures of the same construct.
Corporate Bond
A financial security issued by a corporation to raise capital, with the promise to repay the principal along with a specified interest rate to the bondholders.
Interest Rate
The percentage of a loan amount charged by a lender to a borrower for the use of assets, typically expressed as an annual percentage of the principal.
Arbitrage
The simultaneous purchase and sale of the same assets or commodities in different markets to profit from unequal prices.
Well-functioning Market
A market where resources are allocated efficiently, information is freely available, transaction costs are low, and property rights are protected.
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