Elizabeth Is a Middle-Age Female Who Is Planning to Purchase

Elizabeth is a middle-age female who is planning to purchase a new spring wardrobe with her credit card.After the salesperson runs her credit card,Elizabeth is surprised to find out that it has been denied.She has no idea how this could have happened.She has a $20,000 credit limit and has a zero balance.Elizabeth realizes that a crime had been committed against her. Credit card fraud,such as what Elizabeth suffered,is responsible for merchant losses of _____ per year.

A) $1 million
B) $10 million
C) $1 billion
D) $10 billion