A Scale That Gives You a Different Weight Every Time

question 2

Multiple Choice

A scale that gives you a different weight every time you step on suffers from poor:

• A)face validity
• B)construct validity
• C)split-half validity
• D)Reliability
• E)random-half validity

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Definitions:

M2

A money aggregate consisting of M1 plus savings deposits, small-denomination time deposits, money market mutual funds, and other miscellaneous near-monies.

Near-Monies

Assets that are easily convertible into cash but are not cash themselves, such as savings accounts and time deposits.

Time Deposits

Deposits that earn a fixed interest rate if held for the specified period, which can range from several months to several years; also called certificates of deposit.

Money Market Mutual Funds

Investment funds that invest in short-term debt securities, offering investors a high degree of liquidity and typically low risk.