Consumers Have the Responsibility to Examine Periodic Statements Provided by Their

question 51

Multiple Choice

Consumers have the responsibility to examine periodic statements provided by their financial institutions; accordingly, if a loss would not have occurred but for the failure of a consumer to report within __________ of the transmittal of the statement any unauthorized transfer, the loss is borne by the consumer.

• A) fourteen (14) days
• B) thirty (30) days
• C) sixty (60) days
• D) six (6) months

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Definitions:

Noun Phrases

a group of words that function as the subject or object of a verb, typically containing a noun and its modifiers.

Verb Phrases

In grammar, a combination of a main verb and its auxiliaries (helping verbs) in a sentence, expressing action or state of being.

Syntax

The set of rules, principles, and processes that govern the structure of sentences in a given language, particularly the order of words and phrases.

Phonology

The study of the sound system in languages, including the rules for their sequence and structure.