CFA Practice Question

There are 221 practice questions for this study session.

CFA Practice Question

A Value at Risk statistic has these components: ______.

I. the amount of potential minimum loss
II. the amount of potential maximum loss
III. the probability of that amount of loss
IV. the time frame
A. I and III
B. II, III and IV
C. I, III and IV
Explanation: A VaR statistic has three components: a time period, a confidence level, and a loss amount (or loss percentage).

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