05-02-2009, 09:07 PM
I just wanted to follow up and let you guys know how this exam was -- TOUGH! MrMikes I know you have this one coming up at some point - just study, study , study, and you'll be ok.
Seriously, this is a tough exam but doable. The feedback in the specific exam section is great and to it I'd add the following:
There were questions along the lines of:
disintermediation has occurred when.....
Know why the Federal Reserve was created.
Know major debt instruments (as opposed to capital instruments)
What happens when the Treasury increases their deposits at the Fed?
To prepare I read both the Mishkin and Ritter recommended texts. I got the Mishkin off eBay and would be happy to sell it to anyone interested. I also bought both of the REA Essentials - M&B I and M&B II. They were extremely helpful. I personally thought IC was great for this exam; however, I would not make it your only source. The material is just sooooo broad that it would be unfair to expect IC to cover in 250ish questions what entire textbooks couldn't even cover.
Also, the notes in the feedback forum prepared (and graciously shared) by Dan Caridan are AWESOME!! I highly recommend them.
Good luck to anyone taking this exam in the future. It's doable. Please don't let yourself get psyched out (like I did) and just prepare for it.
Best wishes,
Kelly
Seriously, this is a tough exam but doable. The feedback in the specific exam section is great and to it I'd add the following:
There were questions along the lines of:
disintermediation has occurred when.....
Know why the Federal Reserve was created.
Know major debt instruments (as opposed to capital instruments)
What happens when the Treasury increases their deposits at the Fed?
To prepare I read both the Mishkin and Ritter recommended texts. I got the Mishkin off eBay and would be happy to sell it to anyone interested. I also bought both of the REA Essentials - M&B I and M&B II. They were extremely helpful. I personally thought IC was great for this exam; however, I would not make it your only source. The material is just sooooo broad that it would be unfair to expect IC to cover in 250ish questions what entire textbooks couldn't even cover.
Also, the notes in the feedback forum prepared (and graciously shared) by Dan Caridan are AWESOME!! I highly recommend them.
Good luck to anyone taking this exam in the future. It's doable. Please don't let yourself get psyched out (like I did) and just prepare for it.
Best wishes,
Kelly
[SIZE="1"][COLOR="Purple"]Thomas Edison State College BSBA - 6/10
Excelsior College BS Liberal Arts - 9/10
Amberton MBA - 12/13 [/COLOR][/SIZE]
Excelsior College BS Liberal Arts - 9/10
Amberton MBA - 12/13 [/COLOR][/SIZE]
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