小編導(dǎo)讀：
　　請各位考生緊跟網(wǎng)校名師的步伐盡快進入備考復(fù)習(xí)，讓高頓網(wǎng)校與您共同努力，2015年考試順利通過！高頓網(wǎng)校FRM精品題庫，包含歷年真題，模擬試題等題型，題題結(jié)合考試大綱貼近考試考點。馬上開始練習(xí) >>>
　　Find the statement that interpretes a $10 million overnight VaR figure with 99% confidence level most correctly.
　　A.     The institution can be expected to lose at most $10 million in 1 out of next 100 days.
　　B.     The institution can be expected to lose at least $10 million in 99 out of next 100 days.
　　C.     The institution can be expected to lose at least $10 million in 1 out of next 100 days.
　　D.     The institution can be expected to lose at most $10 million in 99 out of next 100 days.
　　Answer: C
　　VaR provides a loss estimate that is expected to be exceeded with the frequency at which the VaR was calculated.