QUESTION 3 1 points Save Answer The type of factor that is best used at the portfolio level is the: single factor model. fundamental factor model. macroeconomic factor model. QUESTION 4 1 points Save Answer The return of a portfolio for the amount of active risk taken is the: information ratio. return from factor tilts. return from security selection. 1 points Save Answer QUESTION 5 In active investment management, factor models are most likely used to: lower transactions costs. create capital market forecasts and expectations. determine the asset classes to include in a portfolio with exposure to specific types of risk