Which of the Following Is One of the Provisions of the Electronic

question 31

Multiple Choice

Which of the following is one of the provisions of the Electronic Funds Transfer Act and Regulation E of the Federal Reserve Board?

• A) A bank can send unsolicited EFTS debit cards to a consumer only if the cards are valid for use.
• B) If a customer notifies the issuing bank of a stolen or lost debit card within two days of the loss, the customer's liability is limited to a maximum of $500.
• C) A bank must provide annual statements of electronic funds transfers to customers who conduct such transactions in a given financial year.
• D) Other than for a telephone transaction, a bank must provide a customer with a written receipt of a transaction made through a computer terminal.

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Definitions:

Brand-Name Markets

Markets dominated by products or services that are widely recognized and trusted by consumers due to their brand.

Restaurant Market Efficiency

Refers to the degree to which restaurant markets allocate resources optimally, balancing supply and demand effectively to meet consumer preferences.

Advertising

A form of marketing communication used to promote or sell a product, service, or idea through various media channels.

Efficiency of Markets

The degree to which market prices fully reflect all available information and execute trades at minimal costs.