Which of the Following Statements About the New Proposed E

question 44

Multiple Choice

Which of the following statements about the new proposed E.U. General Data Protection Regulation (GDPR) is not true?

• A)The GDPR will replace the E.U.'s existing Data Protection Directive.
• B)The GDPR will apply across all E.U. countries.
• C)The GDPR eliminate the right to be forgotten.
• D)The GDPR will limit the ability of companies to use data for purposes other than those for which it was collected.

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Definitions:

Compounded Semi-Annually

Refers to the process where interest is added to the principal balance of an investment or loan twice a year, leading to interest on interest.

Compounded Quarterly

The process where interest is added to the principal sum of a deposit or loan every three months, leading to interest earnings on interest.

RRSP

RRSP stands for Registered Retirement Savings Plan, which is a savings plan sponsored by the Canadian government that allows individuals to save for retirement on a tax-deferred basis.

RRIF

A Registered Retirement Income Fund, a tax-deferred retirement plan in Canada designed to provide income to beneficiaries.