Which of the following is true with regard to the federal Electronic Funds Transfer Act?

a. It is primarily a regulatory 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 $50 if the consumer notifies the financial institution within two days after learning of the loss or theft.
d. All of these.


c

Business

You might also like to view...

Which element below is closely related and influences our degree of self-efficacy?

A. reciprocal behavior B. self-regulation C. vicarious learning D. self-efficacy

Business

The sale of a partnership interest is similar to the sale of any capital asset and is reported by the partner on Schedule D of his or her individual tax return.

Answer the following statement true (T) or false (F)

Business

When the market rate of interest was 11%, Valley Corporation issued $100,000, 8%, 10-year bonds that pay interest semiannually. Using the straight-line method, the amount of discount or premium to be amortized each interest period would be

A) $4,000 B) $896 C) $17,926 D) $1,793

Business

Minimizing period by period increases in unit variable costs and total fixed costs defines effort of cost

a. control. b. containment. c. avoidance. d. reduction.

Business