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.
　　高頓題庫——全球財經(jīng)*9題庫（精題真題、全真模考系統(tǒng)、名師答疑）點擊進入“每日一練——免費在線測試”
        FRM考試在線高清視頻指導