A Consumer Who Notifies the Issuer of an EFT Card

question 52

True/False

A consumer who notifies the issuer of an EFT card within two (2) days after learning of a loss or theft of the card can be held to a maximum liability of $500 for unauthorized use of the card; failure to notify within this time will increase the consumer's liability for losses to a maximum of $5,000.

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Definitions:

Self-Actualized Individual

A person who has achieved the highest level of growth and self-fulfillment, according to Maslow's hierarchy of needs.

Completely

An adverb indicating something has been done in a whole, full, or total manner, without omission.

Abram Maslow

A psychologist famous for formulating Maslow's hierarchy of needs, a theory of psychological health predicated on fulfilling innate human needs in priority, culminating in self-actualization.

Hierarchy of Needs

A psychological theory proposed by Abraham Maslow that categorizes human needs into five sequential levels from basic physical requirements to the need for self-actualization.