I used the Schweser QBank a lot last year and failed L3...
I have relied a lot more on CFA text this year, and I feel a lot better prepared... I have been doing some QBank questions in this final week as a compliment to my review efforts and now I realize how AWFUL these questions are for the most part... Oh well, I give Schweser credit because their notes are good, but they really need to revamp the L3 QBank... any one else have opinions?作者: Colum 时间: 2011-7-13 16:02
EOC and mock are better作者: lcw77 时间: 2011-7-13 16:03
Hehe, you mean getting 100% on 60 questions is not indicative of the test?作者: Iginla2011 时间: 2011-7-13 16:03
haha I'm still doing them so I guess I should shut up, but just look at this question!?
Within the alternative asset class of real estate, analysts can classify investments as:
A) either start-up or middle market but not as direct or indirect.
B) either direct or indirect and as either start-up or middle market.
C) either direct or indirect but not as either start-up or middle market.
Your answer: C was correct!
Real estate investments are generally categorized as direct (i.e., the purchase of land and buildings) or indirect that includes REITs and CREFs. The sub-categories of start-up and middle market apply to private equity and not real estate.作者: zwjy 时间: 2011-7-13 16:03
I found at least 3 errors in the schweser tests
1 use market value not fair value in GIPS
2 breakeven use currency change
3 say callable bond traded in premium作者: justin88 时间: 2011-7-13 16:03
I used Q-Bank for level 1 intensely, and thought it was terrific. I used it a bit for level 2, but it wasn't really that useful I found. I didn't even get Q-bank for level 3作者: oneboy 时间: 2011-7-13 16:03
paraguay, there is a check where you can enable intermediate and hard questions also, instead of only using "basic" ;-)作者: aidebaobao 时间: 2011-7-13 16:03
nevermind, just being jealous, my range is 80-85% with all options but I agree, especially for GIPS good like flashcards
