You Have $450 in Your Checking Account When Your EFTS

question 72

Multiple Choice

You have $450 in your checking account when your EFTS card and PIN are stolen.You could lose up to ____ if you report the lost EFTS card within 2 business days.

• A)$0
• B)$25
• C)$50
• D)$450
• E)$500

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Definitions:

Preincorporation Subscription

An agreement by an individual to purchase shares in a corporation that has yet to be formed.

Six-Month

Relating to or denoting a period or term of six months, often used in the context of time-specific agreements or conditions.

Debentures

A type of debt instrument not secured by physical assets or collateral but backed only by the general creditworthiness and reputation of the issuer.

Unsecured Debt

Unsecured debt refers to loans or credits not backed by collateral, meaning the lender relies on the borrower's promise to pay back the debt.