The _____ Requires All Financial Institutions to Protect and Secure

question 60

Multiple Choice

The _____ requires all financial institutions to protect and secure customers' nonpublic data from unauthorized access or use.

• A) Gramm-Leach-Bliley Act of 1999
• B) E-Government Act of 2002
• C) USA Patriot Act of 2001
• D) Sarbanes-Oxley Act of 2002

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Definitions:

Maintenance Expenditures

Funds spent on keeping property, equipment, or machinery in operating condition.

Legal Provisions

Conditions or requirements stated in legal documents, such as laws or contracts.

Equity in Subsidiary Earnings

The portion of income attributable to the parent company from its investment in subsidiaries, after intercompany transactions have been eliminated.

Consolidated Financial Statements

Financial statements that integrate the accounting information of a parent company and its subsidiaries, presenting it as one single entity.