[snazzlefrag]

Hi All,

I took Money & Banking today.

All I can say is....Holy Shite!!!

It is DEFINITELY one of the most difficult exams out there. I don't think the questions were EXTRA HARD, but the answer options seemed to be consistently more obscure than they are on most other exams.

The exam is literally a composite of Macroeconomics, Microeconomics, Principles of Finance, and Accounting. I would not recommend taking this exam until you have studied all of the above.

Instantcert is not enough for this exam. However, if you study the sections on the four subjects I listed above AND the section for M&B, you should be okay.

I can't stress this enough. There were MANY questions that I would not have known the answer to, had I not already studied the other subjects.

I was SHOCKED to find five calculation questions on my exam. Each one required you to know a formula that you would have learned while studying for Principles of Finance. The only difference is that no calculator is allowed for M&B.

There were three or four questions which involved concepts you would have learned for Principles of Accounting.

There were dozens of questions that required you to have studied Macro and Micro (especially Macro). These topics aren't mentioned on the DSST Study Sheet, and are not covered in IC's M&B section. Be warned!

I am proud of how much information I actually remembered from the four previous exams. But even so, I have no clue how I did on this exam. For MANY of the questions, I had to choose between two or three answers that all looked equally correct.

I don't want to scare anyone here, but please be warned that if you haven't studied Macro, Micro, Finance, and Accounting already; you WILL have trouble with this exam. Think of it as a Capstone exam which encompasses elements of all the above.

I can't even say that I 'think' I may have passed this exam. All I can say is that I 'hope' I passed.

I'm not even going to provide a list of items covered on my exam, as I normally do. It might lull you into a false sense of security! You MUST be extremely well versed with all the concepts contained in M&B (plus the four other subjects). If not, you will very likely struggle. I scored well on all the above subjects, and STILL felt like I struggled with this exam. Please be advised!

I felt like I had a good understanding of the material, and I am hopeful that it was enough to pass. I may have got an A, or I may have failed it miserably.

I will let you know in 2-3 weeks.

Hope that helps,
Snazzlefrag