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Free CRCM Exam Braindumps (page: 143)

Page 142 of 344
PDF with 463 Questions

Which of the following primary purpose/s were behind the Electronic Fund Transfer Act (EFTA)?

  1. To provide disclosures to consumers who use electronic fund transfer (EFT) systems
  2. To provide consumers with limitations on liability for unauthorized electronic fund transfers
  3. Both A and B
  4. None of these

Answer(s): C



Which of the following primary purpose/s were behind the Electronic Fund Transfer Act (EFTA)?

  1. To provide disclosures to consumers who use electronic fund transfer (EFT) systems
  2. To provide consumers with limitations on liability for unauthorized electronic fund transfers
  3. Both A and B
  4. None of these

Answer(s): C



Implemented by , EFTA is intended to provide certain rights to individual consumers using EFT payment systems. It also places responsibilities on financial institutions whose accounts are affected by EFTs.

  1. Regulation E (Electronic Fund Transfers)
  2. Regulation F (Electronic Fund Transfers)
  3. Regulation T (Electronic Fund Transfers)
  4. Regulation A (Electronic Fund Transfers)

Answer(s): A



Implemented by , EFTA is intended to provide certain rights to individual consumers using EFT payment systems. It also places responsibilities on financial institutions whose accounts are affected by EFTs.

  1. Regulation E (Electronic Fund Transfers)
  2. Regulation F (Electronic Fund Transfers)
  3. Regulation T (Electronic Fund Transfers)
  4. Regulation A (Electronic Fund Transfers)

Answer(s): A






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