Asked by Francies Guzman on Apr 25, 2024
Verified
If your credit card is stolen and you notify the credit card company before unauthorized charges are made,for what amount can you be held liable to the credit card company for later unauthorized charges?
A) $500
B) $300
C) $250
D) $200
E) 0
Unauthorized Charges
Transactions made on a payment card without the cardholder's consent or approval, often indicative of fraud.
Credit Card
A plastic card issued by a bank or financial institution allowing the cardholder to borrow funds at the point of sale to pay for goods and services based on the cardholder's promise to pay back the borrowed amount plus any agreed-upon fees.
- Detail the stipulations connected to unsought products and financial obligations resulting from credit card activities.
Verified Answer
Learning Objectives
- Detail the stipulations connected to unsought products and financial obligations resulting from credit card activities.
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