What Is the Correct Interpretation of a EUR 2,000,000

question 43

Multiple Choice

What is the correct interpretation of a EUR 2,000,000.00 overnight VaR figure with a 97% confidence level?

• A) A loss of at least EUR 2,000,000.00 can be expected in 97 out of the next 100 days.
• B) A loss of at most EUR 2,000,000.00 can be expected in 3 out of the next 100 days.
• C) A loss of at least EUR 2,000,000.00 can be expected in 3 out of the next 100 days.
• D) A loss of at most EUR 2,000,000.00 can be expected in 6 out of the next 100 days.

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Definitions:

Respiratory Illness

A term for diseases that affect the lungs and other parts of the respiratory system, such as bronchitis or asthma.

Shortness Of Breath

A condition where an individual experiences difficulty breathing or a feeling of being unable to get enough air, medically known as dyspnea.

Thermostat

A device that regulates the temperature of a system or environment.

Purple Wristband

In a healthcare setting, a purple wristband typically indicates a patient has a "do not resuscitate" (DNR) order.