Which of the Following Describes Confidentiality

question 172

Multiple Choice

Which of the following describes confidentiality?

• A) The assurance that messages and information are available only to those who are authorized to view them
• B) Policies and procedures that address the ethical use of computers and Internet usage in the business environment
• C) The right to be left alone when you want to be, to have control over your own personal possessions, and not to be observed without your consent
• D) The principles and standards that guide our behaviour toward other people

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Definitions:

Reserve Requirement

A regulation that sets the minimum amount of reserves a bank must hold against deposits, used as a tool to control banking stability and money supply.

Deposits

Money placed into a financial institution for safekeeping, which can earn interest over time.

Loans

Funds borrowed that are expected to be paid back with interest.

Required Reserves

The fraction of deposits that banks are obligated to hold in reserve and not lend out, as mandated by the central bank.