高顿网校FRM免费题库，通过针对性地讲解、训练、答疑、模考，对学习过程进行全程跟踪、专家权威解析与指导，帮助考生全面提升备考效果。>>>点击进入“每日一练--免费在线测试”
　　You are asked by your CRO to *uate arguments he has heard to switch from VaR to conditional VaR as your firm’s main risk measurement tool. Which of the choices below is wrong?
　　A. Conditional VaR is greater than VaR for the same confidence level,.
　　B. Conditional VaR is a coherent risk measure in contrast to VaR.
　　C. A low VaR does not mean that the firm will make small losses when VaR is exceeded, but a low conditional VaR means that the firm will make small losses when VaR is exceeded.
　　D. Conditional VaR estimated for a confidence level corresponding to one minus the probability of default for the firm’s target rating provides an unbiased measure of the amount of the economic capital required above the firm’s bankruptcy threshold point to achieve the probability of default associated with the firm’s target rating.
        FRM考试在线高清视频指导