Which of the Following Is True with Regard to the Federal

question 32

Multiple Choice

Which of the following is true with regard to the federal Electronic Fund Transfer Act?

• A) It is primarily a disclosure statute.
• B) It gives the same protections to customers that are found in Article 4.
• C) It limits a customer's liability for unauthorized transfers to $500 if notification requirements are met.
• D) It requires banks to pay a higher interest on deposit accounts.

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Definitions:

Daily Influence

Daily influence refers to the constant and subtle effects our environment, interactions, and decisions have on our lives day-to-day.

College Students

Individuals enrolled in institutions of higher education pursuing degrees or certifications.

Personality Factors

Dimensions of personality used to categorize individuals into personality types, commonly described by the Big Five: openness, conscientiousness, extraversion, agreeableness, and neuroticism.

Situational Factors

External influences that affect an individual's behavior, decisions, or perceptions in a given context.