Which of the Following Isnot an Important Benefit of Using

Multiple Choice

Which of the following isnot an important benefit of using copula functions for correlated default?

A) Copula distribution functions are computationally more tractable than multivariate normal distributions.
B) Copulas allow separation of the marginal distribution functions and the correlation function.
C) Copulas allow coupling of multivariate distributions where the marginals may be chosen from varied probability distributions.
D) Copulas allow flexible modeling of the tails of the joint distribution.