Free CRCM Exam Braindumps (page: 144)

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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



EFT provides consumers with limitations on liability for unauthorized electronic fund transfers. It includes the following types of funds transfers EXCEPT:

  1. Point-of-sale transfers
  2. Automated teller machine (ATM) transfers
  3. Transfers initiated by Fax
  4. Withdrawals of funds, including merchant transactions where no electronic terminal is involved, if the customer's account is debited

Answer(s): C



EFT provides consumers with limitations on liability for unauthorized electronic fund transfers. It includes the following types of funds transfers EXCEPT:

  1. Point-of-sale transfers
  2. Automated teller machine (ATM) transfers
  3. Transfers initiated by Fax
  4. Withdrawals of funds, including merchant transactions where no electronic terminal is involved, if the customer's account is debited

Answer(s): C



EFT provides consumers with limitations on liability for unauthorized electronic fund transfers. It includes the following types of funds transfers EXCEPT:

  1. Point-of-sale transfers
  2. Automated teller machine (ATM) transfers
  3. Transfers initiated by Fax
  4. Withdrawals of funds, including merchant transactions where no electronic terminal is involved, if the customer's account is debited

Answer(s): C






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