During World War I, the Army Alpha and Army Beta

question 23

Multiple Choice

During World War I, the Army Alpha and Army Beta tests differed from previous intelligence tests in that they:

• A)were composed of multiple-choice questions and could be administered in groups.
• B)were meant to be administered to one individual at a time.
• C)rewarded employees for higher levels of intelligence.
• D)were used to assess personality.

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Definitions:

Goldsmiths

Historically, craftsmen who made and traded gold items, but also pivotal in the development of banking as they stored and lent money.

Gold Standard

An economic system where a fixed amount of gold serves as the standard unit of currency.

Branch Banking

Refers to a banking system where a single bank operates multiple outlets or branches, providing a range of banking services in different locations.

Banking Laws

Legislation that governs the operation of banks and other financial institutions, including regulations on lending, deposit taking, and investments.