ACI
3I0-012 · Question #56
3I0-012 Question #56: Real Exam Question with Answer & Explanation
Sign in or unlock 3I0-012 to reveal the answer and full explanation for question #56. The question stem and answer options stay visible for context.
Question
What is the correct interpretation of a EUR 2,000,000.00 overnight VaR figure with a 97% confidence level?
Options
- AA loss of at least EUR 2,000,000.00 can be expected in 97 out of the next 100 days.
- BA loss of at most EUR 2,000,000.00 can be expected in 3 out of the next 100 days.
- CA loss of at least EUR 2,000,000.00 can be expected in 3 out of the next 100 days.
- DA loss of at most EUR 2,000,000.00 can be expected in 6 out of the next 100 days.
Unlock 3I0-012 to see the answer
You've previewed enough free 3I0-012 questions. Unlock 3I0-012 for full answers, explanations, the timed quiz mode, progress tracking, and the master PDF. Question stem and options stay visible so you can still see what's on the exam.