Build a request, switch policies on and off, read the decision.
Every step says why — including the case where a statement matches the
action and the resource but its Condition does not, so the
Allow silently never applies.
The walkthrough shows four steps against these three rules. The extra one is the permissions boundary, checked between rules 1 and 2 because it decides which Allows still count. It is a ceiling on what the identity policy grants — never a grant of its own, and it holds no Deny: being outside it is enough.
Two deliberate simplifications, so you do not learn them wrong: the SCP here is modelled Deny-only (a real SCP must also carry an Allow, or everything under it is denied), and the permissions boundary caps only what the identity policy grants — a same-account bucket policy is not capped by it.