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question 1

question 2

25. Which one of the following is wrong about risk management? 8 A. Financial risk refers to risks affecting broad sectors of the economy, such as an increase in interest rates, currency devaluation, or a decline in commodities prices, like aluminum or oil. B. Credit risk includes all risks associated with the credit of specific par- ticipants, such as potential default or changes in credit rating. C. Market risk refers to risks affecting broad sectors of the economy, such as an increase in interest rates, currency devaluation, or a decline in commodities prices, like aluminum or oil. D. Value-at-risk (VAR) is a probabilistic measure of the range of values a firm's portfolio could lose due to market volatility. 26. Which ones are the ways to calculate VAR? A. Correlation B. Historical simulation C. Monte Carlo simulation D. A, B and C. Rand