Question: The VaR approach makes it possible to quantify: a) The maximum potential loss within a certain time interval and level of probability; a is normally

The VaR approach makes it possible to quantify:
a) The maximum potential loss within a certain time interval and level of probability; "a" is normally used to signify VaR.
b) The maximum potential loss within a certain time interval and level of probability; this loss can be exceeded only in a given α% (e.g. 1%) of cases.
c) The average loss that can be incurred in a project finance initiative within a certain number of years.

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