Fiscal Policy：Distributionagents.

Theories of the Business Cycle - Monetarist School：Theories of:boom,consider the long-term costs of government intervention e.g.continue to grow at a moderate rate.

Theories of the Business Cycle - Keynesian School：would be hard to attain.:the economy is already recovering.

Phases Of the Business Cycle：peak,is declining.

What are the responsibilities of the members in reference to the CFA Institute?：Once accepted as a member:每年交述職報告和年費but must not over promise the competency and future investment results.Case

What’s the main idea of referral fee?：consideration,others for the recommendation of products or services. （他人支付或者向他人支付的介紹費，應向雇主、客戶、潛在雇主披露）;

How to understand the meaning of misrepresentation?：advertising,書面報告即使沒有發(fā)布也不行）”tablesstatisticsMay use other people’s work within the same firm without committing a violation. （同一公司的報告不用引用）

What’s the responsibility of supervisors?：does not relieve them of their supervisory responsibility. （可以轉委托他人監(jiān)管，但必須指示明確且對轉委托負責）,應拒絕承擔監(jiān)管者責任）,

What's the meaning of “Additional compensation”?：their employer’s interest （該準則約束的是,如果收取相關好處：會影響雇主利益的情況）unless they obtain written consent from all parties involve.，CFA

What's the meaning of independence and objectivity in professionalism?：or consideration that reasonably could be expected to compromise their own or another’s independence and objectivity.（那些被合理認為將會影響獨立客觀的威逼利誘都要不為所動）,但在他人眼中會影響獨立性也不行）可能的話事先披露給雇主告訴雇主是為了引起雇主的同意

What's the meaning of “market manipulation”?：distort prices or artificially inflate trading volume （扭曲價格、虛增交易量）:with the intent tomisleadmarket participants. （目的是誤導投資者）:如果達到一定的交易量可以減少傭金如果這種利益歸屬于客戶且披露了沒有違反市場操縱準則）

How to understand the Code of ethics and trust in the investment profession?：I,Professionalism:II:IIIIVVVIVIIResponsibilities as a CFA member or candidate