Took test last night and got a 65. I was scared cause I only got a 55 on the 20 question practice test. probably studied for 25 hours give or take and prayed a lot. I dug through basically the entire forums and only found this ONE post on Financial Institutions and markets. It's from 2011 but surprisingly it was extremely accurate. Basically at least one question about everything on her list except for call options and put options(but who knows these could end up on yours).
Hope this helps. Something about the McFadden act that I had no idea about and something about Fannie Mae, which I had no idea about either.
Also something about futures markets. Those are the things I wish I would have studied up on.
Post from
http://www.degreeforum.net/specific-exam...ead-5.html :
"I just got back from taking this TECEP. I was disappointed with the lack of information on the forums concerning this TECEP. So, I hope I can help others who may need it in the future!
The test has 100 multiple-choice questions with 2 hours to complete it. I used the Financial Markets and Institutions text by Mishkin and Eakins which is recommended in the TECEP specific information. I also supplemented the text with reviewing the Instantcert flashcards for Money and Banking since much of the information overlaps. Like the other TECEPs, the test focuses heavily on specific information given within the text. I was grateful that I primarily studied from the text alone. Here is a list of things that are needed to pass the test and a few things I wish I had studies up on!
Keogh Plans
Definition of M1
Definition of Monetary Base
Which of these is considered a bank asset?
Which of these is considered a bank liability?
Purpose of monetary policy
Put Options/Call Options
Exchange Rates/If a currency appreciates or depreciates, how will this affect the cost of goods in domestic or foreign prices. Several questions concerning this information.
"If the Peso increases from 9 to 10 pesos relative to the dollar, is this an appreciation of the Peso and what happens to the dollar?"
Investment Banks purpose and clients
Dealers and Brokers purpose
Futures markets/Forward markets
Definition of an option
Mean Reversion
Balloons in the stock market
"What do all bonds have in common?"
Index funds
Fixed Rate Mortgage
Duration - Concepts and Definition
"Which statement is true concerning Preferred shareholders?" Know the difference between preferred and common shareholders and understand differences.
Defined Contribution & Defined Benefit pension funds definitions along with recognizing whether its underfunded, overfunded, etc.
One question asked which Financial Intermediary held the most assets? Commercial banks, S&L, Credit Unions, etc.
What is primary bank asset?
Which financial intermediary holds most illiquid assets? Insurance companies, S&L, Commercial banks, or Money Market mutual funds
Which bond fund is the easiest to manage?
Fed and it's purpose
Monetary Policy
Insurance definitions in the book - Whole life, Term, etc.
"If the real interest rate is 3% and the inflation rate is 5%, what is the nominal interest rate?" 2,5,6, or 8%
Relationship between yield to maturity and return on simple bond
Example of a no-load fund
My test seemed to focus more on the Financial Intermediaries than the Markets. Know the different Intermediaries and the purpose of each. What they do to raise funds and who each particular intermediary seeks to help. Also, what they do with the funds they've collected. There were no Theories or math problems needed on the test. That's all I can recall right now! I hope this helps some other people in the future. These are my final 3 credits and I will complete my BSBA. I believe I passed it and can't wait for graduation! Good luck to all in the future!
~KELSEY"
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