Which of the following is the limit set on consumers' credit card fraud liability by Federal law?
a. $50
b. $100
c. $150
d. $200
a
FEEDBACK: a. Correct.
b. Incorrect. While federal law limits consumers' credit card fraud liability to $50, fraudsters sell credit card insurance by falsely claiming that cardholders face significant financial risk if their credit cards are misused.
c. Incorrect. While federal law limits consumers' credit card fraud liability to $50, fraudsters sell credit card insurance by falsely claiming that cardholders face significant financial risk if their credit cards are misused.
d. Incorrect. While federal law limits consumers' credit card fraud liability to $50, fraudsters sell credit card insurance by falsely claiming that cardholders face significant financial risk if their credit cards are misused..
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