Solved

Identify the Objective of the Gramm-Leach-Bliley Act

Question 6

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

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents