Which of the Following Is One of the Provisions of the Electronic

question 31

Multiple Choice

Which of the following is one of the provisions of the Electronic Funds Transfer Act and Regulation E of the Federal Reserve Board?

• A) A bank can send unsolicited EFTS debit cards to a consumer only if the cards are valid for use.
• B) If a customer notifies the issuing bank of a stolen or lost debit card within two days of the loss, the customer's liability is limited to a maximum of $500.
• C) A bank must provide annual statements of electronic funds transfers to customers who conduct such transactions in a given financial year.
• D) Other than for a telephone transaction, a bank must provide a customer with a written receipt of a transaction made through a computer terminal.

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Definitions:

Executive Summary

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Supplementary Information

Additional data or details provided to support, clarify, or enhance the main content or findings.

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The ability to comprehend and interpret the information presented in a report, including its findings and implications.