- CFA Exams
- CFA Level I Exam
- Topic 9. Portfolio Management
- Learning Module 41. Measuring and Managing Market Risk
- Subject 1. Value at Risk
CFA Practice Question
In a standard normal distribution, a 1% VaR is ______ standard deviations below the expected value of zero.
B. 2.33
C. 2.65
A. 1.88
B. 2.33
C. 2.65
Correct Answer: B
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