Which of the Following Primary Purpose/s Were Behind the Electronic

question 77

Multiple Choice

Which of the following primary purpose/s were behind the Electronic Fund Transfer Act (EFTA) ?

• A) To provide disclosures to consumers who use electronic fund transfer (EFT) systems
• B) To provide consumers with limitations on liability for unauthorized electronic fund transfers
• C) Both A and B
• D) None of these

---

Definitions:

Normal Good

A good for which demand increases as the income of consumers increases and vice versa.

Demand for Leisure

The desire for free time in which one can enjoy personal activities outside of work.

Labor Supply Curve

A graphical illustration of the relationship between the wage rate and the quantity of labor workers are willing to supply at various wage rates.

Substitution Effect

The change in consumption patterns due to a change in the relative prices of goods, leading consumers to substitute one good for another.