Aggregate Output and Income：The aggregate:incomerentAggregate Expenditure

Deficits and the National Debt：Budget;Government revenue includes tax revenues net of transfer payments;An increase in a budget surplus would be associated with contractionary fiscal policy:uses.

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 members and candidates should notice in CFA examinations?：or security of the CFA examinations.（不能惡心CFA），考試不能作弊:考試內容要保密:A. No.:Responsibilities as a CFA Institute Member.right④Case

Why members and candidates must develop and maintain appropriate records?：actions,Cannot usehistoricalrecommendations or research reports created at the previous firm because the supporting documentation is unavailable. （不能使用以前的推薦或者研究報告,因為沒有支持數據）For future use,CFA

How to identifying the actual investment client and voting proxy policies?：管理個人資產→資產所有人就是客戶”管理信托資產→信托的最終受益人才是客戶。要求公司的養(yǎng)老金管理人使用萬科的養(yǎng)老金收購本公司股票，以資本增值為目的的買入行為是合理的。養(yǎng)老金管理人認為萬科未被低估,

How to understand loyalty, prudence and care in duty to clients?：The client or prospective client permits disclosure of the information.（在法律允許或客戶同意的情況下可以披露）,members and candidates must comply with the law.（在某些情況下法律要求。

What are the ethics and trust in the investment profession？：Global investment performance standards（GIPS）= 比例低，也并非所有的不道德都是違法君子有所不為的決策是更好的決策更符合stakeholder利益的決策

In analyzing investment, what should we do to making investment recommendations, and taking investment actions?：or action. （分析、投資或者提供建議要有合理、充分的基礎）,must not rely on that information. （外部數據懷疑就不能用）,issue indicates NO reasonable basis. （不能總是推薦所謂的熱門股票），并不代表有這樣的觀點）但整個研究過程是可靠的

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 laws,rules, and regulations should be known by members and candidates?：rules，必須遵守直接相關的法律），but this may be advisable in some circumstances and required by law in others. （沒有要求一定要將違法行為報告政府）也會被認為是參與違法行為）

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