Portfolio approach is considered an extension of the monetary approach because it

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• The _____ for taking this approach is clear enough.

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• Which of the following is an example of foreign portfolio investment？

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• What is the topic of the debate in which the pros sound more justified and convincing than the cons？

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• Which portion of an investment policy statement is most likely to state any restriction on portfolio leverage？

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• If the correlation between two stocks is +1, then a portfolio combining these two stocks will have a variance that is _____（）

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• The duration of a fixed－income portfolio is best interpreted as the:（)。

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