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All of the following are correct about stress testing except: a . It is done to determine if the financial institution is able to survive
All of the following are correct about stress testing except:
a It is done to determine if the financial institution is able to survive a liquidity crisis under extreme stress conditions.
b It is done under normal going concern environment.
c In volatile conditions, stress testing using at least one scenario is required.
d It is done when needed such as in a company specific crisis.
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