If a Consumer Reports the Loss Before the Card Is

question 31

Multiple Choice

If a consumer reports the loss before the card is used, the consumer: ______.

• A) is not liable for any charges.
• B) is only liable for losses up to $50.
• C) is not liable for losses over $500.
• D) is liable if they failed to examine periodic banking statements.

---

Definitions:

Correlation Coefficients

Statistical measures that indicate the extent to which two or more variables fluctuate together.

Cause and Effect

The principle that every event (effect) has one or more causes; this relationship explains why things happen and allows for prediction and intervention.

Strong

Having the power to move heavy weights or perform other physically demanding tasks; also can apply to the capacity for endurance or mental capacity.

Correlation Coefficients

Statistical measures that quantify the direction and strength of the relationship between two variables.