The Gramm-Leach-Bliley Financial Modernization Act Is Administered and Enforced Solely

question 83

True/False

The Gramm-Leach-Bliley Financial Modernization Act is administered and enforced solely through two federal agencies: the SEC and FTC.

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Definitions:

Foreign Suppliers

Companies or individuals located outside the purchasing country that provide goods or services to businesses or consumers within that country.

Monitor

To observe and check the progress or quality of something over a period of time.

Society

A community of individuals bound together by territorial, cultural, or social ties, manifesting patterns of relationships and norms.

Compliance

The act of adhering to laws, regulations, guidelines, and specifications relevant to one’s business or activities.