1. A procedure that compares the bank’s internally generated VAR figures with the actual performance of the bank’s portfolio over an extended period of time is called
a. stress testing
b. back-testing
c. dynamic hedging
d. historical simulation
2. Employers Non-ownership Automobile Liability coverage
pro-rates with any coverage available to the employee.
includes coverage for both the employer and the employee.
does not apply to automobiles owned by the employer.
does not apply to automobiles owned by employees.