If You Lose the Bank Card You Use to Withdraw

question 46

Multiple Choice

If you lose the bank card you use to withdraw cash from your bank by machine, and you report it to the bank within two days, you are liable for how much in losses?

• A) $0
• B) $50
• C) $500
• D) $5,000
• E) however much is in your account

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Definitions:

Commencement

The act or time of beginning; refers to the start of something, such as a process, event, or period in time.

Bankruptcy Legislation

Refers to laws that govern the process through which individuals or entities who are unable to meet their financial obligations can seek relief from some or all of their debts.

Dual Purpose

Refers to an item or activity designed for two distinct functions or goals, often seen in tax, legal, or functional contexts.

Dischargeable Debts

Debts that can be wiped out or eliminated in bankruptcy proceedings.