Basic Question
High standards for ethical conduct in the investment industry are so important because the industry is based almost entirely on the ______.

A. specialized skills and knowledge of investment professionals
B. trust of clients
C. competency of investment professionals

Correct Answer: B

The higher the level of trust in the financial system, the broader the participation in the financial markets.

User Contributed Comments 5

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better1by1: i didn't get it why just clients
khalifa92: without clients money from wherth ?
Antoinepo: It's because clients are the source of wealth, without them there would be no money to invest/manage
pigletin: disagree. There will be no trust without specialized skills
KikeAjose: I also disagree because specialized skills also important.