老师，资产不是资金的存在形式，负债不是资金的来源么?第3题为啥选A呢?

为什么讲义和视频的给的结论是不一样的？都是YTM下降，长期。但是一个是小于realized retune一个是大于。是因为例题的关系吗？

27. The least likely explanation for why fiscal policy cannot stabilize aggregate demand completely is that: A. private sector behavior changes overtime. B. policy changes are implemented very quickly. C. fiscal policy focuses more on inflation than on unemployment. 为什么不选C呢？

25. Given an independent central bank, monetary policy actions are more likely than fiscal policy actions to be: A. implementable quickly. B. effective when a specific group is targeted. C. effective when combating a deflationary economy. 书本上的答案解释太简单，请说明B为什么不对？

2. Which is the most accurate statement regarding the demand for money? A. Precautionary money demand is directly related to GDP. B. Transactions money demand is inversely related to returns on bonds. C. Speculative demand is inversely related to the perceived risk of other assets. 这个知识点好像没有在基础班里面提及过，NOTE上也没有，考试需要掌握吗？

第25 27题（当期的重组费用应该怎么弄，完全不知道） 各选项为什么错

第21 题，题目选项都是什么意思？ 各选项为什么错了

这里2x3-（1+2）是什么意思呀

前面有一条规定要遵守最严格的规定，这里为什么没有遵守最严格的cfa规定保留7年？

这里求持有其收益率hpr，为什么可以想到用几何平均收益率的公式呢？