CyberArk CAU501

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CyberArk Guardian Exam

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For a bank a 1-year VaR of USD 10 million at 95% confidence level means that:
A. There is a 5% chance that the worst loss would be USD 10 million in a year.
B. There is a 5% chance that the least loss would be USD 10 million in a year.
C. There is a 5% chance that the bank would lose more than USD 10 million in a year.
D. There is a 5% chance that the bank would lose less than USD 10 million in a year.
Answer: C

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