# Test your knowledge: Risk – Advanced level

Test your knowledge about risk management

Knowledge related Middle Office activities, models & processes is not only relevant for Risk Managers & Analysts, but supporting staff must also understand this in order to excel.

**At this advanced level you are tested with respect to your skills, the application of knowledge and therefore practice**

Variance is:

A commodity is currently priced at 100.00 USD. What is the maximum loss?

Optimization involves:

Vega describes the sensitivity of an option with respect to a change in:

What is a floor?

What is a swaption?

What is cross-margin?

Gamma describes the sensitivity of an option with respect to a change in:

A fat tail refers to:

Who developed the formula: (return - risk free rate)/Beta ?