The Private Security Act of 2001, Which Established the Security

question 26

Multiple Choice

The Private Security Act of 2001, which established the Security Industry Authority, allowed the United Kingdom to create:

• A) a Department of Home Security
• B) a Department of National Security
• C) national oversight of security professionals
• D) consistent policies and procedures

---

Definitions:

Compounded Semiannually

The process of calculating interest where the accrued interest is added to the principal sum twice a year, resulting in interest being earned on previously earned interest.

Double Value

A term indicating that an item’s or asset's value has increased to twice its original value.

Compounded Quarterly

Interest calculation method where the interest earned is calculated and added to the principal four times a year.

Monthly Compounded

Interest calculation method where interest is added to the principal sum of a loan or deposit each month, leading to interest on interest.