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Basic Question 3 of 5

A professional uses ______ to serve a client for the agreed-on fee. High ethical standards always matter and are of particular importance in the investment industry, which is based almost entirely on trust.

A. specialized knowledge and skills and trust
B. transactions and specialized knowledge and skills
C. special relationship contracts, confidence, and skills

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I was very pleased with your notes and question bank. I especially like the mock exams because it helped to pull everything together.
Martin Rockenfeldt

Martin Rockenfeldt

Learning Outcome Statements

describe the role of a code of ethics in defining a profession

describe professions and how they establish trust

describe the need for high ethical standards in investment management

explain professionalism in investment management

CFA® 2024 Level I Curriculum, Volume 6, Module 1.