Identify the Objective of the Gramm-Leach-Bliley Act

question 62

Multiple Choice

Identify the objective of the Gramm-Leach-Bliley Act.

• A)To identify the U.S.taxpayers who hold financial assets in non-U.S.financial institutions and ensure that they agree to the U.S.tax obligations
• B)To protect cardholder data and ensure that merchant and service providers maintain strict information security standards
• C)To protect the privacy and security of individually identifiable financial information collected and processed by financial institutions
• D)To prevent certain classes of persons and entities from making payments to foreign government officials in an attempt to obtain or retain business

---

Definitions:

Wright Brothers

Orville and Wilbur Wright, American inventors and aviation pioneers who are credited with inventing and building the world's first successful motor-operated airplane.

Preservation of Knowledge

The act of maintaining, protecting, and saving information or skills so that it remains available over time, often through documentation or teaching.

Collectivist Cultures

Societies that prioritize the group over individual interests, emphasizing community, cooperation, and interdependence.

Individualist Cultures

Societies that prioritize the needs and rights of the individual over those of the group or community.