WGU D333 Ethics in Technology OA Study
Guide 2026/2027| Exam Test Questions with
Verified Answers and Detailed Rationales
Question 1
What does the Fair Credit Reporting Act of 1970 regulate?
A. The operations of credit reporting bureaus, including how they collect, store, and use
credit information
B. Financial institution customer records
C. Health insurance portability
D. Student educational records
Correct Answer: A. The operations of credit reporting bureaus, including how they
collect, store, and use credit information
Rationale: The Fair Credit Reporting Act regulates the operations of credit reporting
bureaus, including how they collect, store, and use credit information.
,2|Page
Question 2
What does the Right to Financial Privacy Act of 1978 protect?
A. Credit reporting bureau operations
B. The records of financial institution customers from unauthorized scrutiny by the
federal government
C. Health insurance portability
D. Student educational records
Correct Answer: B. The records of financial institution customers from
unauthorized scrutiny by the federal government
Rationale: The Right to Financial Privacy Act protects the records of financial institution
customers from unauthorized scrutiny by the federal government.
Question 3
What does the Gramm-Leach-Bliley Act of 1999 allow?
A. Free credit reports
B. Business combinations (e.g., mergers) between commercial banks, investment banks,
and insurance companies
C. Health insurance portability
D. Student record privacy
, 3|Page
Correct Answer: B. Business combinations (e.g., mergers) between commercial
banks, investment banks, and insurance companies
Rationale: The Gramm-Leach-Bliley Act allows business combinations between
commercial banks, investment banks, and insurance companies, permitting these
institutions to compete in markets previously prohibited.
Question 4
What does the Fair and Accurate Credit Transactions Act of 2003 allow consumers to
do?
A. Obtain one free credit report every 5 years
B. Obtain a free credit report once each year from each of the three primary consumer
credit reporting companies
C. Obtain unlimited free credit reports
D. Obtain credit reports only when denied credit
Correct Answer: B. Obtain a free credit report once each year from each of the
three primary consumer credit reporting companies
Rationale: The Fair and Accurate Credit Transactions Act allows consumers to request
and obtain a free credit report once each year from each of the three primary consumer
credit reporting companies (Equifax, Experian, and TransUnion).