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17. Along the CML, to the left of the market portfolio the investor lends / borrows some of his funds while to the right s/he

17. Along the CML, to the left of the market portfolio the investor lends / borrows some of his funds while to the right s/he lends / borrows. Which is it?

18. Beta is a(n) absolute / relative measure of risk. Which is it?

19. True or False: According to the Separation Theorem, investors have two decisions to make: investment and financing decisions.

20. True or False: According to the CML, lending and borrowing are effected at different rates.

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