The Act Which Requires Financial Institutions to Share Information About

question 53

Multiple Choice

The act which requires financial institutions to share information about customer identities with government agencies is:

• A)the Sarbanes-Oxley Act.
• B)the National Banking Act.
• C)the Garn-St Germain Depository Institutions Act.
• D)the USA Patriot Act.
• E)the Gramm-Leach-Bliley Act.

Recognize the components and significance of a business plan.

Understand the roles of direct and indirect approaches in business communication.

Identify and explain the process of problem factoring in business analysis.

Differentiate between types of report organization patterns (topical, chronological, importance, etc.).

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Definitions:

Industrial Activity

Economic activities related to the production of goods and services in various sectors, including manufacturing and construction.

Globalization

The process by which businesses, technologies, cultures, and ideas spread across the world, leading to increased interconnectedness and interdependence of nations.

Poverty Line

The minimum level of income deemed adequate in a particular country to live on, used as a standard to classify people into economic categories.

Basic Subsistence

The minimum resources necessary for a person to live, including food, water, and shelter.