Definitions of Money：entire range of liquid assets that can be used to make purchases.

Measures of Sustainable Growth：One way is to use the growth accounting equation. Problem:real GDP that a worker can produce in one hour of work.KLPotential GDP = Aggregate hours worked × Labor productivity

Contractionary and Expansionary Monetary Policies：Policies,monetary policy:central banks may increase liquidity by cutting their target rate.

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(fèi)，應(yīng)向雇主、客戶、潛在雇主披露）;

Why members and candidates must make disclosure of all matters ?：and their employer. （所有可能和客戶、潛在客戶、雇主產(chǎn)生利益沖突的事項(xiàng)都要進(jìn)行披露）Must ensure that such disclosures are prominent,必須披露）The best practice is to assign another to follow up the company.;

How to understand the meaning of misrepresentation?：advertising,書面報(bào)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(bào)告不用引用）

What’s the responsibility of supervisors?：does not relieve them of their supervisory responsibility. （可以轉(zhuǎn)委托他人監(jiān)管，但必須指示明確且對(duì)轉(zhuǎn)委托負(fù)責(zé)）,應(yīng)拒絕承擔(dān)監(jiān)管者責(zé)任）,

How to deal with potential conflict of interest?：不能直接或間接和研究的結(jié)果掛鉤，Protect the integrity of opinions – unbiased opinion and adequate system.;

What's the meaning of “Additional compensation”?：their employer’s interest （該準(zhǔn)則約束的是,如果收取相關(guān)好處：會(huì)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(rèn)為將會(huì)影響?yīng)毩⒖陀^的威逼利誘都要不為所動(dòng)）,但在他人眼中會(huì)影響?yīng)毩⑿砸膊恍校┛赡艿脑捠孪扰督o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(jià)格、虛增交易量）:with the intent tomisleadmarket participants. （目的是誤導(dǎo)投資者）:如果達(dá)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(chǎng)操縱準(zhǔn)則）

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