Which of the following is a part of the tiers of internationalization?

Cumulative default probability refers to

A. probability that a borrower will default over a specified multiyear period. B. expected maximum change in the loan rate due to a change in the risk factor on the loan. C. historic default rate experience of a bond or loan. D. expected maximum change in the loan rate due to a change in the credit premium. E. probability that a borrower will default in any given year.

One of the major advantages of simulation is "time compression," i.e., the ability to study in a relatively short period, activities that would, in reality, take place over a period of days, months, or even years

Indicate whether the statement is true or false