06-01-2007, 08:50 AM
I PASSED MONEY AND BANKING!!! Only 10% of people that attempt this exam passed so I am pumped. Plus, it was the only DSST exam I failed so it was a personal victory as well!!!
Ok, yes, I have advice.
Passing was a 48 and I got a 58. The biggest advice I can give you is that YOU MUST UNDERSTAND THE RELATIONSHIPS - all the cause and effect - of monetary policy and fiscal policy. Most of it is on monetary policy. What happens when the Feds conduct monetary policy? How does that affect international trade? Etc.
Also, instacert is very inadequate. When I took this test, I was so grateful for every single definition I looked up and every single internet article I printed and studied.
My advice is to look up definitions and print them off your computer and study them. For example, I found an article written to an 11th grade level on monetary policy and it was SO HELPFUL. Instacert assumes you know how it all works and you need to slow down and really read some lengthy articles on how it all fits together. Once you do that, you should pass.
The time limit was two hours and I finished in about an hour, but took time to review.
My brother is taking it today at 1 pm. I hope he passes as well!
Ok, yes, I have advice.
Passing was a 48 and I got a 58. The biggest advice I can give you is that YOU MUST UNDERSTAND THE RELATIONSHIPS - all the cause and effect - of monetary policy and fiscal policy. Most of it is on monetary policy. What happens when the Feds conduct monetary policy? How does that affect international trade? Etc.
Also, instacert is very inadequate. When I took this test, I was so grateful for every single definition I looked up and every single internet article I printed and studied.
My advice is to look up definitions and print them off your computer and study them. For example, I found an article written to an 11th grade level on monetary policy and it was SO HELPFUL. Instacert assumes you know how it all works and you need to slow down and really read some lengthy articles on how it all fits together. Once you do that, you should pass.
The time limit was two hours and I finished in about an hour, but took time to review.
My brother is taking it today at 1 pm. I hope he passes as well!
Leah in Texas
CLEPs I passed: Accounting, Info Syst/Comp App, Mgmt, Marketing, Am Lit, Anlyz/Inter Lit, Eng Comp w/ Essay, Eng Lit, Humanities, US Hist I, US Hist II, Macroeco, Microeco, College Math, Nat. Sciences, College Algebra, Buis Law, Sociology
DSSTs I passed: Statistics, Finance, HR Mgmt, Org Behavior, Intro to Buis, Mgmt Info Sys, Buis Math, Prin Supervision, Money and Banking
Tests I failed:
Money and Banking, Pre-cal
College/Major: Thomas Edison, Buis Mgmt
CLEPs I passed: Accounting, Info Syst/Comp App, Mgmt, Marketing, Am Lit, Anlyz/Inter Lit, Eng Comp w/ Essay, Eng Lit, Humanities, US Hist I, US Hist II, Macroeco, Microeco, College Math, Nat. Sciences, College Algebra, Buis Law, Sociology
DSSTs I passed: Statistics, Finance, HR Mgmt, Org Behavior, Intro to Buis, Mgmt Info Sys, Buis Math, Prin Supervision, Money and Banking
Tests I failed:
Money and Banking, Pre-cal
College/Major: Thomas Edison, Buis Mgmt
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