Consumers Who Have Enrolled in Mobile Banking and Downloaded the Mobile

question 29

True/False

Consumers who have enrolled in mobile banking and downloaded the mobile application to their cell phones can check their credit card balances before making major purchases.

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Definitions:

Funding Obligation

Refers to the requirement for an entity to provide financial resources for a project, debt, or other commitment as agreed upon.

Underfunded Plans

Retirement or pension plans that lack enough assets to cover all present and future obligations.

Life Insurance

Life insurance is a contract between an insurer and a policyholder in which the insurer guarantees payment of a death benefit to named beneficiaries upon the death of the insured.

Nonmandatory Benefits

These are benefits not required by law that employers offer voluntarily, such as retirement plans, health insurance beyond legal minimums, and paid time off.