Which of the following is false? O a. The VAR method presumes that the distribution of exchange rate movements is normal. O b. If exchange rate movements are less volatile in the past than in the future, the estimated maximum expected loss derived from the VAR method will be underestimated @ c//In general, translation exposure is larger with MNCs that have a larger proportion of earnings generated by foreign subsidiaries @ d//The VAR method assumes that the volatility (standard deviation) of exchange rate movements changes over time