What is meant by the term "opting out"?
A) Serving a written notice, denying the bank the right to sell your personal information
B) Withdrawing from a fraud being perpetrated by a colleague
C) A bidder denying to pay the proceeds of the bid on becoming bankrupt
D) Whistle-blowing by a person who was part of a fraud

Question

Quizplus · Accepted Answer

Opting out refers to the act of choosing to not participate in something or denying permission for something to occur. In the context of banking and personal information, opting out means providing written notice to the bank that you do not want them to sell or share your personal information with other companies or entities. This is often done to protect one's privacy.

What Is Meant by the Term "Opting Out