Why Are Banks Placing Daily and Weekly Monetary Limits on Transactions

question 59

Multiple Choice

Why are banks placing daily and weekly monetary limits on transactions?

• A) to shift risk allocation for the finalization of payments
• B) to shift risk allocation for authentication
• C) to combat the uncertainty surrounding electronic banking
• D) to control losses in the event of fraud

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Definitions:

Hazan & Shaver

Psychologists who developed influential theories on adult romantic attachment, relating patterns in adult relationships to childhood attachment styles.

Romantic Gestures

Actions or behaviors aimed at expressing affection or love towards a partner, often considered symbolic or meaningful.

Cognitive Dissonance

A state of mental discomfort arising from holding two or more conflicting beliefs, values, or attitudes.

Confrontation

A direct encounter between parties or individuals, where conflicts or disagreements are addressed head-on.