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worty [1.4K]
3 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]3 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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3 years ago
Privately owned businesses are common in which type of economy?
Mariana [72]
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3 years ago
Read 2 more answers
Consider a basket of consumer goods that costs $60 in the United States. The same basket of goods costs NOK 40 in Norway. Holdin
Helen [10]

Answer:

4.5 and 3

Explanation:

We know that

Real exchange rate = Nominal exchange rate × (Cost of the basket in US  ÷  Cost of the basket in  Norway)

So according to this formula, the computation is shown below

When the nominal exchange rate is 3, then the real exchange rate would be

= 3 × (60 ÷ 40)

= 4.5

When the nominal exchange rate is 2, then the real exchange rate would be

= 2 × (60 ÷ 40)

= 3

7 0
4 years ago
Gasoline and bicycles are complements in consumption. Suppose we increase the federal gasoline tax to $1 per gallon. What are th
dalvyx [7]

Answer: A

Explanation:

A complementary good is a product that is used together with another product. Without its complement, such a good will have little value. When there is increase in the price of a particular product, the demand of its complement reduces because consumers may not be able to use the complement on its own.

Complements have negative cross elasticity of demand i.e there is increase in the demand for a product when the price of its complement reduces. If bicycles and gasoline are complements, an increase in tax on gasoline will have a negative effect on the demand for bicycle. Due to the price increase of gasoline, less people will demand for bicycle. The initial change that will occur as a result of this is that as there is a price increase for gasoline, there will be a leftward shift in the demand for bicycle. This implies that less bicycle will be demanded for.

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4 years ago
Scenario 15-9 suppose executives at an art museum know that 100 adults are willing to pay $12 for admission to the museum on a w
OLEGan [10]
<span>The museum will earn $400 more. If they charged everyone $8 then both the 100 adults and the 200 students would buy admission. By discriminating in price they are able to charge the adults $4 more each. $4 x 100 = $400.</span>
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3 years ago
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