a. explain ethics

Command words

• Explain: To make clear the meaning of “Explain interest rate parity”

Flash cards

What is ethics? Ethics is the study of moral principles used to make good choices

What are ethical principles? Ethical principles are beliefs regarding what is good, acceptable, or responsible behavior, and what is bad, unacceptable, or forbidden behavior. They provide guidance for our behavior.

What is ethical conduct? Behavior that follows moral principles

What are ethical actions? Actions that are perceived as ethical and conform to the ethical expectations of society.

_____ serves as a general guide for how community members should act? The code of ethics. It is usually a set of written principles that communicate the community’s values and overall expectations regarding member behavior.