Consumers Have the Responsibility to Examine Periodic Statements Provided by Their

Multiple Choice

Consumers have the responsibility to examine periodic statements provided by their financial institutions. If a loss would not have occurred but for the failure of a consumer to report within __________ of the transmittal of the statement any unauthorized transfer, the loss is borne by the consumer.

A) fourteen (14) days
B) thirty (30) days
C) sixty (60) days
D) six (6) months