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The government of Nation X restricts how banks share customers' information with other institutions. For instance, unless a customer explicitly grants permission, no nonpublic information about the customer—e.g., account balances or credit history—can be shared with any non-affiliated institution. Furthermore, banks must allow customers to forbid the sharing of even publicly available information about them, such as listed telephone numbers, with non-affiliated institutions. The bank must honor any decision the customer makes in these cases; however, none of these restrictions limits the sharing of these types of information with any affiliated institutions. All sharing of information other than the types mentioned above is permitted—except that under no circumstances may customers' passwords be shared, even with affiliated institutions. The government of Nation X also requires that banks inform customers of all of these policies.
Select for With an affiliated institution the circumstances under which the government of Nation X allows a bank to share a customer's account balance with an affiliated institution and for With a non-affiliated institution the circumstances under which the government of Nation X allows a bank to share a customer's account balance with a non-affiliated institution. Make only two selections, one in each column.
All circumstances
Upon informing the customer that it will
Only if a customer has not explicitly forbidden it
Only if a customer has explicitly granted permission
No circumstances
| Passage Statement | Analysis & Implications |
|---|---|
| "unless a customer explicitly grants permission, no nonpublic information about the customer—e.g., account balances or credit history—can be shared with any non-affiliated institution" |
|
| "none of these restrictions limits the sharing of these types of information with any affiliated institutions" |
|
| "All sharing of information other than the types mentioned above is permitted—except that under no circumstances may customers' passwords be shared" |
|
"All circumstances"
"Upon informing the customer that it will"
"Only if a customer has not explicitly forbidden it"
"Only if a customer has explicitly granted permission"
"No circumstances"
These answers create a complete picture: affiliated institutions have unrestricted access while non-affiliated institutions need explicit permission.