Of the following, which is false about the "stress" tests that were instituted and conducted by the Federal Reserve and other federal agencies?
A) The tests were conducted in spring of 2009.
B) The tests measured how well banks could weather the economic crisis.
C) The tests were conducted with the 19 largest U.S. banks.
D) The banks that failed were provided non-recourse loans to help secure the banks' survival.
E) Banks that failed the test were required to obtain new capital through stocks and bonds or accept federal government funds.

Question

Quizplus · Accepted Answer

The statement that banks that failed the stress test were provided non-recourse loans is false. In fact, banks that failed were required to obtain new capital through stocks and bonds or accept federal government funds.

Of the Following, Which Is False About the "Stress" Tests