A Preauthorized Electronic Transfer from a Consumer's Account

question 37

Multiple Choice

A preauthorized electronic transfer from a consumer's account:

• A) may be orally authorized at the time the transfer is to be made.
• B) must be authorized in writing in advance of the time the transfer is to be made.
• C) may be stopped only by written notice to the financial institution at least five business days before the scheduled date of transfer.
• D) is limited to an amount of $500 or less.

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Definitions:

Prelinguistic Speech

Vocalizations made by infants before they acquire language, including crying, cooing, and babbling.

Fundamental Communication

Basic and essential forms of interaction that enable understanding and expression between individuals, such as speaking, listening, and non-verbal cues.

Syntax

The set of rules in a language that dictates how words and phrases are arranged to create meaningful sentences.

Extension

In general terms, it refers to the act of increasing the length or duration of something or expanding its scope or coverage.