SECTION 3.3.1. LO.I. SECTION 3.3.1. LO.I.

2. - CFA 2018 LEVEL 2 PORTFORLIO QUESTION BANK R49 MEASURING MANAGING MARKET RISK Q BANK
CFA 2018 LEVEL 2 PORTFORLIO QUESTION BANK R49 MEASURING MANAGING MARKET RISK Q BANK

2. C is correct. 5% VaR means that the minimum loss over one month 5% of the time would be

$15 million. VaR does not represent the probability of occurrence of losses. Section 2.1.

LO.a.