A Consumer Who Notifies the Issuer of an EFT Card

question 14

Multiple Choice

A consumer who notifies the issuer of an EFT card within two (2) days after learning of a loss or theft of the card is limited to a maximum liability of:

• A) $500.
• B) $50.
• C) There is no liability limitation in this situation.
• D) There is no liability in this situation.

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Definitions:

Materials Ledger Card

A record-keeping document used in inventory management that tracks the quantities, costs, and transactions related to a particular inventory item.