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I think that test banks are a great way to take 'practice tets', I know many professors would use similar formats and just change the numbers or switched what they were asking for...but it gave you a great idea of what topics he was going to cover. It helped me a lot during Accounting!
The key though, is organization. Ours was only moderately kept up to date and often unorganized. It was usually more helpful to get more recent stuff from some of my fraternity friends or athletes rather than our own files.
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