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Nina [5.8K]
4 years ago
13

5. Which of these things does GLBA not require financial institutions to do?: a. The law requires these institutions to explain

how they use and share your personal information. b. The law requires financial institutions to provide customers with their internal security policy. c. The law also allows you to stop or "opt out" of certain information sharing. d. The law requires that financial institutions describe how they will protect the confidentiality and security of your information.
Business
1 answer:
Vinil7 [7]4 years ago
3 0

Answer:

B.

Explanation:

The Gramm-Leach Bliley Act (GLMA) is an act authorized by federal law of the United States. GLMA is also known as Financial Modernization Act of 1999 that describes how personal information of customers is protected or shared.

This act set guidelines for financial institutions to share to it's customers how their private or sensitive information is shared, from what informations a customer can 'opt-out' to share, and, how they protect the customer's confidential information.

<u>Thus from the given options, the thing that GLBA does not require financial institutions to do is to provide customers information on how their internal security policy works</u>.

Therefore, the correct answer is option B.

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Many adults owe money from their college loans for years into their professional careers. a newspaper would like to estimate the
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Because only young adults were sampled, undercoverage bias may cause the newspaper to overestimate the proportion of all adults who have college debts.

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When a sample is chosen in statistics, sampling bias is a bias that causes some individuals of the target population to have a lower or greater sampling probability than others. As a result, not every person or event was equally likely to have been chosen, resulting in a biased sample of a population (or non-human variables).

If this is not taken into consideration, results may be incorrectly attributed to the sampling procedure rather than the phenomenon being studied. Although some people identify sampling bias as a distinct sort of prejudice, sampling bias is typically categorized as a subtype of selection bias, sometimes referred to as sample selection bias.

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7 0
2 years ago
Suppose you invest $2500 each year in a savings account that earns 12% per year. How much will be in the account in 10 years?
iVinArrow [24]

Answer:

Final Value= $43,871.84

Explanation:

Giving the following information:

Suppose you invest $2500 each year in a savings account that earns 12% per year.

Number of years= 10

To calculate the final value we need to use the following formula:

FV= {A*[(1+i)^n-1]}/i

A= annual deposit= 2,500

i= 0.12

n=10

FV= {2,500*[(1.12^10)-1]}/0.12= $43,871.84

4 0
4 years ago
Since world war ii, the federal government's share of total government expenditures has been between?
Anton [14]

The federal government has accounted for between two-thirds and three-quarters of all government spending since World War II. Since the end of the Korean War in the early 1950s, the federal government's purchases of goods and services as a percentage of GDP have been falling.

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The federal government has accounted for between two-thirds and three-quarters of all government spending since World War II. Federal Expenditures and Purchases as a Percentage of GDP, 1950–2008.

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5 0
2 years ago
g Swifty Corporation issued 3,100 5%, 5-year, $1,000 bonds dated January 1, 2022, at face value. Interest is paid each January 1
slamgirl [31]

Answer:

Dr Cash     $3,100,000

Cr Bonds payable            $3,100,000

Explanation:

Since the bonds were issued at face value of $1000 each,the cash proceeds received from the entire issue of 3,100 bonds can be computed thus:

Cash proceeds=$1000*3,100=$3,100,000

The cash proceeds imply that cash inflows have increased by $3,100,000, as a result cash account should be debited with $3,100,00o while the same amount is credited to bonds payable since an increase in  debt obligation should be a credit entry.

8 0
3 years ago
A company borrowed cash from the bank and signed a 6-year note at 7% annual interest. The present value for an annuity (series o
nikklg [1K]

Answer:

Explanation:

Present value of note = Annual payment x present value annuity factor

Annual payment = 8,400

PVAF = 4,7665

= $ 8,400 x 4.7665

= $ 40,038.60

So, the present value of note is $ 40,038.60

5 0
3 years ago
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