Alice lost her EFTS card and reported it missing the next day. She found that $800 had been withdrawn from her savings account. Alice's loss is equal to:

Name: Alice lost her EFTS card and reported it missing the next day. She found that $800 had been withdrawn from her savings account. Alice's loss is equal to:
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Question

Quizplus · Accepted Answer

According to the Electronic Fund Transfer Act, if a cardholder reports a lost or stolen card within two business days, their liability is limited to $50.

Alice Lost Her EFTS Card and Reported It Missing the Next