Explaining Inflation：Cost-push,compel,Cost-Push Inflation,most particularly on wage-push inflation.:rate,deflationary potential if money growth trails the economy’s rate of expansion.

Phases Of the Business Cycle：peak,is declining.

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

What are the responsibilities of the members in reference to the CFA Institute?：Once accepted as a member:每年交述职报告和年费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绍费，应向雇主、客户、潜在雇主披露）;

How to understand the meaning of misrepresentation?：advertising,书面报告即使没有发布也不行）”tablesstatisticsMay use other people’s work within the same firm without committing a violation. （同一公司的报告不用引用）

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违法君子有所不为的决策是更好的决策更符合stakeholder利益的决策

What’s the responsibility of supervisors?：does not relieve them of their supervisory responsibility. （可以转委托他人监管，但必须指示明确且对转委托负责）,应拒绝承担监管者责任）,

What's the meaning of “Additional compensation”?：their employer’s interest （该准则约束的是,如果收取相关好处：会影响雇主利益的情况）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.（那些被合理认为将会影响独立客观的威逼利诱都要不为所动）,但在他人眼中会影响独立性也不行）可能的话事先披露给雇主告诉雇主是为了引起雇主的同意

What's the meaning of “market manipulation”?：distort prices or artificially inflate trading volume （扭曲价格、虚增交易量）:with the intent tomisleadmarket participants. （目的是误导投资者）:如果达到一定的交易量可以减少佣金如果这种利益归属于客户且披露了没有违反市场操纵准则）

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