TECEP Sales Management & TECEP Financial Institutions and Markets

[OfficerA]

I found the Financial Institutions and Markets to have some overlap with the Macroeconomics CLEP (and I'm depressed to say that I scored near the same for both), particularly with monetary and national policies.

Be familiar with what the movement of either a demand or supply curve means for either the Fed and/or the banks. Money supply basics (M1, and what it consists of, etc), as well as a LOT of terminology questions.

I realize this is an older topic, but Kelsey's list is still pretty accurate. I would add that a good time spent on the glossary of the Mishkin textbook (what I used) would be beneficial, as well as a basic grasp of the main formulas (not too much, and it won't have you calculate anything; it's more "if X concept minus Y concept, you would have (Z concept)?". Instead of spending time on the paragraphs and oddly specific examples, focus on anything and everything that is listed and explained.

I stopped midway through the book as I was getting bored, so I could have spent more time on it, but the exam ultimately wasn't challenging and I had a good hour still remaining at the end of it.