1.[ True / False ] The return of a risky asset can be treated as a random variable, and an investment opportunity can be defined by its return distribution.

2.[ True / False ] By estimating the expected return, variance, skewness, and kurtosis of an asset, we can have a rough idea of how its return distribution looks like

3. [ True / False ] The real rate of interest can be understood as the price on money and is determined by the supply and demand for money just like the prices of any other goods and services