Which of the Following Statements Is Incorrect

question 52

Multiple Choice

Which of the following statements is incorrect?

• A)The Basel Accord based capital requirements on a bank's risk level.
• B)The Basel Accord forced banks with greater risk to maintain a higher level of capital.
• C)The goal of the Basel II Accord is to properly account for a bank's risk so that the bank's capital requirements are in line with its corresponding risk.
• D)The Basel II Accord will explicitly account for interest rate risk.

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