Practice exams Level 2. Volume 1. [antikvár]

HOW TO USE THE LEVEL 2 PRACTICE EXAMS Thank you for purchasing the Schweser Practice Exams. We hope that you find this volume effective and user-friendly. The following suggestions are designed to help you get the most out of these practice exams and prepare for the actual Level 2 Exam. Save the practice exams for last. Save the practice exams for the last month before the exam. A good strategy would be to take one exam in each of the three weeks leading up to the test. Do your best to mimic actual exam conditions for at least one of the practice exams (e.g., time yourself, have someone turn the heat down and up so that you go from freezing to boiling, hire a construction crew to do some blasting outside your window). Remember, no matter how challenging we make our practice exams, the actual exam will be different. Also, mainly due to the stress of the day, your perception will be that the actual exam was much more difficult than any practice exam or old exam you have ever seen. Then, use your results as a diagnostic tool to help you identify areas in which you are weak. One good way to accomplish this is to use your online access to Performance Tracker. This is a tool that will provide you with exam diagnostics to target your study and review effort, and allow you to compare your scores on practice exams to those of other candidates. Make sure you understand the mistake(s) you made on every question you got wrong. Make a flashcard that illustrates that particular concept, carry it around with you, and read it until you are confident you have mastered the concept. Also, make sure that for every correct answer, you got it right for the right reason. This "feedback" loop (practice exam, diagnosis of results, identification of concepts yet to be mastered, more study of those concepts, and then another practice exam) is a very effective study strategy in the last month before exam day. Be ready for a new format. The format of the Level 2 exam is different from Level 1. The exam consists of item sets, which are vignettes or short cases followed by six multiple- choice questions (CFA Institute calls these "mini-cases"). There will be 20 item sets (120 questions) on the exam: 10 item sets (60 questions) in the morning and 10 more item sets (60 more questions) in the afternoon. Each question is worth 3 points (and 3 minutes), and there are 360 total points available. Each selected-response question will have three possible choices (A, B, or C). Any topic can be tested in the morning and/or the afternoon, so you might have an economics item set in the morning and another one in the afternoon. Don't spend a lot of time guessing which topics might appear in which session.