小编导读：
　　如何快乐高效的学习？高顿网校为广大学员提供2015年FRM考试网络课程，请各位考生紧跟网校名师的步伐尽快进入备考复习，让高顿网校与您共同努力，2015年考试顺利通过！高顿网校FRM精品题库，包含历年真题，模拟试题等题型，题题结合考试大纲贴近考试考点。马上开始练习 >>>
　　You are asked by your CRO to *uate arguments he has heard to switch from VaR to conditional VaR as your firm’s main risk measurement tool. Which of the choices below is wrong?
　　A.     Conditional VaR is greater than VaR for the same confidence level,.
　　B.     Conditional VaR is a coherent risk measure in contrast to VaR.
　　C.     A low VaR does not mean that the firm will make small losses when VaR is exceeded, but a low conditional VaR means that the firm will make small losses when VaR is exceeded.
　　D.     Conditional VaR estimated for a confidence level corresponding to one minus the probability of default for the firm’s target rating provides an unbiased measure of the amount of the economic capital required above the firm’s bankruptcy threshold point to achieve the probability of default associated with the firm’s target rating.
　　Answer: D
　　Answer D, not the probability of default, the probability of significant.