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:

Commitment Device

A strategy or mechanism designed to help people stick to their long-term goals by limiting access to short-term temptations.

Vertical Differentiation

Refers to the process of distinguishing products or services based on their quality, features, or performance rather than price.

Megapixels

A measure of the resolution of digital cameras or images, equivalent to one million pixels.

Behavioral Economics

is a field of economics that studies how psychological, emotional, cultural, and social factors affect economic decisions of individuals and institutions.