Which of the Following Requires Financial Institutions to Inform Consumers

question 84

Multiple Choice

Which of the following requires financial institutions to inform consumers of their privacy policies and permits consumers some control over their records?

• A) Freedom of Information Act
• B) Gramm-Leach-Bliley Act
• C) COPPA
• D) HIPAA

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Definitions:

Continuous Flow

A process operation where inputs (materials, energy, or information) are constantly fed into the system, and products or services are produced without interruption.

Flow

A mental state of operation in which a person performing an activity is fully immersed in a feeling of energized focus, full involvement, and enjoyment in the process of the activity.

Shaping

Shaping is a method of positive reinforcement in behavioral training where successive approximations toward a desired behavior are rewarded to teach a new behavior.

Reinforcement

A process in behavioral psychology used to increase the likelihood of a specific behavior by adding or removing stimuli following the behavior.