CFA Practice Question

There are 119 practice questions for this study session.

CFA Practice Question

Which of the following is not a limitation of VaR?

A. Its reliability can be verified easily.
B. It fails to account for liquidity.
C. It relies largely on historical data.
Correct Answer: A

A describes a benefit of VaR, not a limitation. Both B and C are limitations of VaR.

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