CFA Practice Question

There are 361 practice questions for this study session.

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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i didn't get it why just clients


without clients money from wherth ?


It's because clients are the source of wealth, without them there would be no money to invest/manage


disagree. There will be no trust without specialized skills


I also disagree because specialized skills also important.