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Which of the Following Is True with Regard to the Federal

Question 32

Multiple Choice

Which of the following is true with regard to the federal Electronic Fund Transfer Act?


A) It is primarily a disclosure statute.
B) It gives the same protections to customers that are found in Article 4.
C) It limits a customer's liability for unauthorized transfers to $500 if notification requirements are met.
D) It requires banks to pay a higher interest on deposit accounts.

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