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.
Correct Answer:

Verified
Correct Answer:
Verified
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