Which of the Following Rules Requires Each Financial Institution to Document

question 55

Multiple Choice

Which of the following rules requires each financial institution to document a data security plan describing the company's preparation and plans for the ongoing protection of clients' personal data?

• A)Safeguards Rule
• B)Pretexting Rule
• C)Financial Privacy Rule
• D)Discovery Rule

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Definitions:

Ethical Issues

Moral challenges or dilemmas that arise in professional or personal contexts, requiring consideration of right and wrong conduct.

Multinational Corporations

Large corporations that operate and provide goods or services in multiple countries, often influencing global trade and economics.

International Trade

The exchange of goods, services, and capital across international borders or territories, which involves understanding and negotiating differing laws and tariffs.

World Trade Organization

An international organization designed to supervise and liberalize world trade, facilitating trade agreements and resolving disputes among its members.