A Checking Account That Never Has Idle Funds-Because It Draws

question 42

Multiple Choice

A checking account that never has idle funds-because it draws funds from an interest-bearing master account to cover checks written-is called a:

• A) zero-balance account.
• B) money market account.
• C) deficit account.
• D) sweep account.

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Definitions:

Odd-even Reliability

A measure of internal consistency reliability, where a test is split into odd and even items and the scores are correlated.

Construct Validity

The degree to which a test measures what it claims to be measuring, specifically in terms of whether the test actually assesses the theoretical construct it is designed to measure.

Predictive Validity

The level at which a score from a test or scale forecasts subsequent performance on a connected result.

Content Validity

Refers to the extent to which a test measures an intended content area.