Since the financial crisis and recession of 2008-2009, regulators in Canada require financial institutions to periodically undergo a stress test. Stress tests are:
A) exams for bankers that are very difficult.
B) interviews with bank officials about their lending practices.
C) tests to evaluate the financial health of the Bank of Canada.
D) tests to evaluate the financial health of financial institutions if hypothetical events such as a housing price drop occurs.
Correct Answer:
Verified
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