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License Exam Manual (Passtrak (Numbered)) [Paperback]

2.3 out of 5 stars  See all reviews (6 customer reviews)


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Product Details

  • Paperback: 425 pages
  • Publisher: Kaplan Publishing (February 2001)
  • Language: English
  • ISBN-10: 079312865X
  • ISBN-13: 978-0793128655
  • Product Dimensions: 11 x 8.6 x 1 inches
  • Shipping Weight: 2.3 pounds
  • Average Customer Review: 2.3 out of 5 stars  See all reviews (6 customer reviews)
  • Amazon Best Sellers Rank: #2,079,048 in Books (See Top 100 in Books)

 

Customer Reviews

6 Reviews
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 (1)
4 star:
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3 star:    (0)
2 star:
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1 star:
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Average Customer Review
2.3 out of 5 stars (6 customer reviews)
 
 
 
 
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19 of 20 people found the following review helpful:
1.0 out of 5 stars The worst study guide of all time, March 29, 2004
By A Customer
This review is from: License Exam Manual (Passtrak (Numbered)) (Paperback)
I purchased the study guide plus CD Rom. Although I have never taken any licensing exam before, I was confident that with a little help, I would easily pass this test. After all, my IQ tested out at over 140, I have never failed any test throughout high school or college, and I have worked in related fields.

Foolish me.

First off, this "guide" was nearly impossible to get through. Read the other reviews, most say the same. There were glaring errors in the math, multiple instances of conflicting information, and completely wrong answers to exams.

I contacted Dearborn about this four weeks ago and still have not heard back.

I blew through the CD Rom exams with better than passing grades. When I took the actual series 3, there was little similarity between the CD exam and the real deal. In fact, the CD prepares you for a 70% or better overall score, while the real series 3 has two sections, each scored individually, with a 70% required on both sections.

Having not been prepared for this, I did get a passing grade on the combined average score, but failed one section individually.

Had I been prepared properly with a different product or class, I doubt this would have happened.

Result: No license, no job.

Thanks, Dearborn! You suck.

Please do not buy this product.

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17 of 18 people found the following review helpful:
5.0 out of 5 stars bad, but all you need, September 11, 2003
By 
Hui (New York, New York, United States) - See all my reviews
This review is from: License Exam Manual (Passtrak (Numbered)) (Paperback)
What can I say? The book is bad, but that's all you need to pass the exam. There were so many mistakes in it. Many things were not explained clearly, some were wrong, and there were even two consecutive paragraphs in the text that were identical. In the same sample test the same problem appeared twice, and that happened at least three times. All you sense is stupidity. When I first read it I felt very uneasy. How could anyone pass with only such a sloppy book? The reason is the test is as stupid. There were even spelling mistakes in the test, with "that" instead of "than". Repetitive questions again and again, exactly the same taste as the book. There were about twenty questions exactly appeared in the book. Either the book and the test were from same people, or the book did a wonderful job to track the stupidity of the test. I found problem sets in the book helpful, though repetitive. The hotsheet is useful too.
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6 of 6 people found the following review helpful:
1.0 out of 5 stars Buy something else if you can..., January 10, 2004
By A Customer
This review is from: License Exam Manual (Passtrak (Numbered)) (Paperback)
Buy this book at your own risk. I bought this in spite of the two reviews above and have regretted it. It may be enough to pass the test, but you will be extremely frustrated using it for you primary study guide.

Frustration #1: You read a few pages and take a quiz. The problem is the material you just read didn't cover the information! (This happens on about every mini quiz and especially on the sample exam tests.) You have to assume the answers to the exam are correct and use those questions to learn from.

Frustratin #2: Repeated questions in the same exam, quiz etc. Absolute stupidity! One exam of 120 questions had 4 or 5 repeats!

Frustration #3: On the Sample final exams, you get the answers and explanations given to you with a reference to the page number in the book where the material was covered. When you go to that page, You often find that the material was never there. I wasted time trying to find the information in the study material but finally gave up and assumed the answers and explanations to the questions were the only place where the material is covered.

I will probably pass the exam because I have a knowledge of the industry already, but if you are taking this without a vast array of experience already, Good Luck you will need it.

(If I fail the test, I'm think about sending Deerborn a bill for the book and also for the testing fees!!)

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Inside This Book (learn more)
First Sentence:
This Lesson introduces cash and futures markets for commodities. Read the first page
Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
gold futures trade, original cash price, normal futures market, final cash price, credit call spread, carrying charge market, liquidating market, customer margin requirements, inverted market, futures industry professionals, high strike price, pension fund portfolio manager, registered commodities representative, reverse crush spread, new accounts department, effective sale price, fide hedgers, short hedger, risk disclosure statement, long hedger, effective purchase price, underlying futures price, bona fide hedger, combined premiums, contract cash value
Key Phrases - Capitalized Phrases (CAPs): (learn more)
Test Topic Alert, Quick Quiz, Take Note, Lesson Exam, Cash Futures Basis, Dow Jones, Regional Business Conduct Committee, Value Line Index, Office of Compliance, United States, Commodities Futures Trading Commission, Jun T-bond, The Commodity Futures Trading Commission, Court of Appeals, Director of Compliance, Internet Web, Sep T-bill, Summary Commodity
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