ACI
3I0-012 · Question #305
3I0-012 Question #305: Real Exam Question with Answer & Explanation
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Question
What is the correct interpretation of a EUR 5,000,000.00 one-week VaR figure with a 99% confidence level?
Options
- AA loss of at least EUR 5,000,000.00 can be expected in 99 out of the next 100 weeks.
- BA loss of at most EUR 5,000,000.00 can be expected in 1 out of the next 100 weeks.
- CA loss of at most EUR 5,000,000.00 can be expected in 1 out of the next 100 days.
- DA loss of at least EUR 5,000,000.00 can be expected in 1 out of the next 100 weeks.
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