The U.S. Patriot Act requires banks to monitor their accounts in foreign institutions for fraud. Option B is incorrect as the Patriot Act does not prohibit companies from lending money to corporate executives. Option C is also incorrect as the act applies to all financial institutions, not only publicly-traded companies.

Solved

The U.S.Patriot Act

Question 62

Multiple Choice

The U.S.Patriot act:

A) Requires banks to monitor their accounts in foreign institutions for fraud
B) Prohibits companies from lending money to corporate executives
C) Only applies to publicly-traded companies
D) all of these are correct

Correct Answer: