Multiple Choice
The Electronic Fund Transfer Act concerns liability limits for stolen ATM cards. Which statement is correct about maximum consumer liability:
A) $50 if the financial institution is notified within 2 days
B) $100 if the financial institution is notified within 3 business days
C) $250 if the financial institution is notified within 5 days
D) $500 if the financial institution is notified within 7 business days
E) none of the other choices
Correct Answer:
Verified
Correct Answer:
Verified
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