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A bank has 3 assets namely equity position with a VAR equal to P 500 million, fixed income position with a VAR equal to P
A bank has 3 assets namely equity position with a VAR equal to P 500 million, fixed income position with a VAR equal to P 400 million and forex position with a VAR equal to P 300 million.
Group of answer choices
a. Total VAR is greater than P 1.1 billion
b. Total VAR is equal to P 1.1 billion
c. Total VAR is lesser than P 1.1 billion
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