Your credit card has been stolen and used by someone else.The maximum amount you could be responsible for paying is
A) $ 50.
B) $ 100.
C) $ 500.
D) $1,000.
E) You would have to pay the entire balance.

Question

Quizplus · Accepted Answer

Under federal law, if your credit card is stolen and used fraudulently, you can only be responsible for a maximum of $50 of the fraudulent charges. Many credit card companies also offer zero-liability policies to their cardholders, meaning you wouldn't be responsible for any fraudulent charges made on your card.

Your Credit Card Has Been Stolen and Used by Someone