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Which of the Following Statements Is False

question 111

Multiple Choice

Which of the following statements is false?


Definitions:

Electronic Fund Transfer Act

A United States federal law designed to protect consumers engaging in electronic transfer of funds.

Disclosure

The action of revealing or providing access to previously unknown or concealed information.

Consumer Protection

Laws and regulations designed to ensure the rights of consumers as well as fair trade, competition and accurate information in the marketplace.

Stop-Payment Order

A request made to a bank by an account holder not to pay a check or payment that has been issued but not yet cashed or withdrawn.

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