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Absent-Minded Alfred Lost His Debit Card on May 1

Question 171

Multiple Choice

Absent-minded Alfred lost his debit card on May 1.He reported it missing the next day; however,$600 had been already purchased with the card without the use of his PIN number.According to the Electronic Funds Transfer Act,how much of this $600 loss is Alfred responsible for?


A) $0
B) $50
C) $500
D) $600

Correct Answer:

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