Texpert Challenge

tishywish

Thanks, I will PM you tomorrow now to get more info. AQA sounds like it might suit my circumstances better at the moment, if I can pass their test.

the_jdb

Hi,

I've been trying to pass the texperts challenge for a while now and i can see what people are saying about them not needing people for a while, for it seems its getting harder and harder to pass the final research section. I'm convinced if you don't answer within 20secs or so you'll get no more than 17% of the mark and i don't think this was always the case.

Ho hum. What i wanted to ask was, if there's anyone else still trying to pass, would you like to share answers as i'm seeing many questions repeated. We'll undoubtedly fill each other in on questions (and their answers) that the other hasn't seen yet enabling us to answer quicker.

Please feel free to pm me if you have a bunch of research section answers and you want to see mine (ahem).

ianmr65

They are pretty useless anyway (the textperts) so i wouldn't get down hearted, i don't expect it to be a great success - I asked my free question -
What is the root cause of the uk M5 money supply doubling in two years?

This is what i got back : the m5 money supply is M4 plus Treasury bills and local authority deposits. cannot find a reason for it's doubling sorry.

So the people they are employing are idiots. (obviously not you poodle) or the questions aren't being filtered properly to people with expertise. It's not an easy question, but one which i have a few ideas about, and genuinely want to know the answer too definitively - and there's certainly not a great deal avialable about it on the net, but i expected better than that!!
had i spent a pound, i would have felt rather ripped off.

Trentenders

I'd feel hard done by if I paid £1 for an 'I don't know - sorry' lol.

If I ever get to do the training and join (which I can't see happening for a long time, if they aren't getting the questions through), I hope that I'd try a bit harder than that!

Poodlecrazy

Hi!

There is a no-charge available for texperts to use and I believe (although this may not be company policy so don't quote me) that if the answer can't be found the customer wouldn't get charged. That's the way I use it anyhow.

As texperts we can see the questions that are currently being asked and can select them based on our knowledge. However, there is currently an issue with people selecting the easiest options and therefore some questions get auto allocated which is a real pain. I know NOTHING about cars and football so get caught frustratingly sometimes!

ianmr for the record I believe that the increase in money supply is linked to the lower interest rates meaning that people want to hold more in the way of cash. As a matter of policy therefore this would cause a decrease in prices as people are spending less than they would want in order to hold more cash. I think (and it is my opinion!) that it is Government policy in order to try and control the ever increasing price of goods.

P
x

ianmr65

Poodlecrazy wrote: »

Hi!

ianmr for the record I believe that the increase in money supply is linked to the lower interest rates meaning that people want to hold more in the way of cash. As a matter of policy therefore this would cause a decrease in prices as people are spending less than they would want in order to hold more cash. I think (and it is my opinion!) that it is Government policy in order to try and control the ever increasing price of goods.

P
x

Thanks P . much better answer, there is certainly a lot of wealth being liquidated, but also, i feel the goverment are pumping more money into the supply. Hence inflation.
None of these is definative answer however.

Poodlecrazy

No, I fear without getting into the minds of Gordon Brown and his crew we will never know the definative answer. I expect it is mainly down to policy, but I can't imagine they are going to admit it in a hurry as that would be admitting they are in some form of difficulty :rolleyes: .

McFilly

Hi everyone

After lots of attempts I've passed the texpert challenge and answered the final question. Having thought about it I don't think I answered it very well.

Are we allowed to have several attempts at the whole thing or does that invalidate the first one?

thanks

dawnylou

I understand that they may not be happy for wages to be discussed here but could someone give me an idea of whether or not a normal 40 hour a week job could be replaced with something like this?
I.E Would it be possible for me to earn enough through something like this to be able to quit my normal job?

*MF*

ianmr65 wrote: »

They are pretty useless anyway (the textperts) so i wouldn't get down hearted, i don't expect it to be a great success - I asked my free question -
What is the root cause of the uk M5 money supply doubling in two years?

This is what i got back : the m5 money supply is M4 plus Treasury bills and local authority deposits. cannot find a reason for it's doubling sorry.

So the people they are employing are idiots. (obviously not you poodle) or the questions aren't being filtered properly to people with expertise. It's not an easy question, but one which i have a few ideas about, and genuinely want to know the answer too definitively - and there's certainly not a great deal avialable about it on the net, but i expected better than that!!
had i spent a pound, i would have felt rather ripped off.

FWIW ... this:

In 1991 M5 was discontinued.

Following a consultation,(2) the Bank decided to publish the non-M4 components of M5 separately, so that users could construct their own broader monetary aggregates if they wished to. These series are still published as ‘Liquid assets outside M4’ in Table A7.1 of the Bank’s Monetary and Financial Statistics publication.

From here if you want to dig deeper:

http://www.bankofengland.co.uk/publications/quarterlybulletin/qb070304.pdf