The Financial Services Modernization Act

question 19

Multiple Choice

The Financial Services Modernization Act

• A) allows banks to offer insurance and stock brokerage services.
• B) requires banks to disclose their privacy policies to consumers.
• C) requires banks to inform consumers how they can "opt out" of having their confidential information released to other companies.
• D) Requires banks to develop policies that will prevent unauthorized access of customers' confidential information.
• E) All of the above

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Definitions:

Chunking

A cognitive strategy that involves breaking down information into smaller, manageable units or chunks to enhance memory and recall.

Rehearsal

The act of practicing a performance or activity repeatedly in preparation for a public presentation.

Elaboration

Elaboration is the process of adding more information or detail to a memory, concept, or idea, making it more complex and enriched.

Clustering

The grouping of similar objects or data points in a way that they are more closely associated with each other than with those in other groups.