Which of the Following Is True with Regard to the Federal

question 52

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)All of these.

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Definitions:

Transparency

The practice of being open, honest, and straightforward about various activities, ensuring that actions and decisions are clear to all stakeholders.

Corporate Social Responsibility

A business model that helps companies be socially accountable to themselves, their stakeholders, and the public, by practicing ethical and sustainable actions.

Crossover Applications

Software applications that are designed to operate on multiple operating systems or platforms, enabling wider usage and flexibility.

Merchandising Tie-Ins

Products marketed through a connection or association with popular films, television shows, personalities, or other pre-existing brands.