If You Lose Your Wallet Along with Your Bank ATM

question 16

Multiple Choice

If you lose your wallet along with your bank ATM card,your liability is

• A) unlimited unless you notify the bank within 30 days.
• B) limited to $200 if you notify the bank within 2 days.
• C) limited to $500 if you notify the bank within 2 days.
• D) limited to $50 if you notify the bank within 2 days.

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Definitions:

Production Possibilities Curve

A graphical representation showing the maximum number of goods or services that can be produced with a given set of resources and technology.

Resources Are Scarce

The principle that the availability of natural, human, and capital resources is limited, necessitating choices about their allocation and use.

Normative Statements

Statements that express opinions on how the world ought to be, involving value judgments rather than factual claims.

Expressions Of Facts

Statements that aim to convey information about reality or actual events without alteration.