Which of the Following Is One of the Provisions of the Electronic

question 31

Multiple Choice

Which of the following is one of the provisions of the Electronic Funds Transfer Act and Regulation E of the Federal Reserve Board?

• A) A bank can send unsolicited EFTS debit cards to a consumer only if the cards are valid for use.
• B) If a customer notifies the issuing bank of a stolen or lost debit card within two days of the loss, the customer's liability is limited to a maximum of $500.
• C) A bank must provide annual statements of electronic funds transfers to customers who conduct such transactions in a given financial year.
• D) Other than for a telephone transaction, a bank must provide a customer with a written receipt of a transaction made through a computer terminal.

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Definitions:

Sketchy Memories

Memories that are vague, incomplete, or imprecise, often causing uncertainty or suspicion.

Korsakoff's Syndrome

A chronic memory disorder caused by severe deficiency of thiamine, most commonly caused by alcohol misuse.

Global Retrograde Amnesia

A rare condition where an individual cannot recall memories from anywhere in their past.

Severe Alcohol Consumption

Excessive drinking that leads to significant physical, social, or emotional harm.