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worty [1.4K]
2 years ago
5

The GLBA gives customers the right to opt out of information sharing, and banks must provide customers with a reasonable opportu

nity to do so. Which situation represents an opt-out method that would subject a bank to regulatory criticism under the GLBA?
Business
1 answer:
Diano4ka-milaya [45]2 years ago
7 0

Answer:

C) Asking the consumer to write his or her own letter to exercise that opt out right

Explanation:

The whole purpose behind the Gramm-Leach-Bliley Act (GLBA)was to allow customers the right to easily opt out of information sharing by the banks. That means that the banks are required to provide an easy way for a customer to do so, and writing your own letter might be easy for some people, but very difficult for others.

It is much easier to do it by phone, or by simply mailing back a detachable form. If the client knows how to use internet and emails properly, then the bank must provide an easy option to opt out through an email or an option that can be found in the bank's website.

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Sorry, I withdraw my question.
guajiro [1.7K]

Answer: >?

Explanation:

8 0
2 years ago
Read 2 more answers
A profit-maximizing firm in a monopolistically competitive market differs from a firm in a perfectly competitive market because
irinina [24]

Answer:

c. faces a downward-sloping demand curve for its product

Explanation:

Perfect Competition is a market form, having large no. of sellers, selling homogeneous products at constant prices. So, constant prices imply that their demand curve is horizontal, perfectly elastic.

Monopolistic Competition is a market form, having many sellers, selling slightly differentiated products which are incomplete substitutes of each other. The prices also vary from firm to firm, depending on product quality. So, these firms have usual downward sloping curve, denoting price-demand inverse relationship.

7 0
3 years ago
Estimate the cost of expanding a planned new clinic by 25,000 ft2. The appropriate capacity exponent is 0.62, and the budget est
jeka57 [31]

Answer:

cost of expansion  = $1389859.55

Explanation:

Given data:

Original size = 185,000 ft^2

New expansion = 25000 ft^2

capacity component  = 0.62

total cost for original size of clinic is = $17 million

Size of new clinic = 185,000 + 25,000 = 210,000 ft^2

cost of new clinic=  17,000,000 \times [\frac{size\ of\ new\ clinic}{185,000}]^{0.62}

cost of new clinic =17,000,000 \times [\frac{210,000}{185,000}]^{0.62}

cost of new clinic = $18,389,859.56

cost of expansion = cost of 210,000 ft^2  -  cost of 185,000 ft^2

                               = 18,389,859.56- 17,000,000

cost of expansion  = $1389859.55

4 0
3 years ago
Suppose that the tax on interest income is levied on the nominal interest​ rate, the tax rate is 20 ​percent, and the real inter
8090 [49]

Answer:

  • After-tax interest rate ⇒ 3.2%
  • True tax on interest income ⇒ 20%

Explanation:

After-tax real interest rate:

= Real interest rate * (1 - tax rate)

= 4% * (1 - 20%)

= 4% * 80%

= 3.2%

True tax on interest income:

= 20%

True tax on interest income is the tax rate levied on the nominal interest rate which is 20%.

3 0
3 years ago
Which of the following is taken into account when measuring the performance of a nation's economy? (Select all that apply.)
tresset_1 [31]
GDP I think is the correct answer
4 0
3 years ago
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