When Reporting Errors or Unauthorized Transactions,it Is Best to Notify

question 144

Multiple Choice

.When reporting errors or unauthorized transactions,it is best to notify your bank

• A)by telephone.
• B)by letter, keeping a copy for your files.
• C)by telephone and follow-up letter, keeping a copy for your files.
• D)by none of the above.

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Definitions:

Decrease In Income

A reduction in the amount of money received, often impacting an individual's or household's ability to purchase goods and services.

Budget Line

A graphical representation of all possible combinations of two goods that an individual can afford given their income and the prices of the goods.

Initially Consumed

Refers to the first set of goods or services that are used or consumed by an individual or entity.

Consumer's Budget Line

A graphical representation that shows all possible combinations of two goods that a consumer can purchase with a fixed budget.