Which of the Following Is an Important Implication of the Dodd-Frank

question 130

Multiple Choice

Which of the following is an important implication of the Dodd-Frank Wall Street Reform and Consumer Protection Act?

• A) Financial institutions must avoid collecting a customer's sensitive personal information
• B) Financial institutions must help ensure a customer's understanding of products and services
• C) Financial institutions must use a prescribed level of encryption for most types of customer records
• D) Financial institutions must cease sending e-mails and other forms of advertising to customers who opt out of direct marketing

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Definitions:

Referent Power

A form of influence based on the charisma or attractiveness of the leader, inspiring others to identify and associate with them.

Indoctrination

The process of teaching a person or group to accept a set of beliefs uncritically, often through systematic persuasion or instruction.

Reference Group

A social group that an individual uses as a standard for evaluating themselves and their own behavior.

Control Group

A control group in scientific experiments is the group of subjects not exposed to the experimental treatment, used as a benchmark to measure how the other tested subjects respond.