select all the correct answers. under the electronic fund transfer act, which two banking practices are part…

select all the correct answers. under the electronic fund transfer act, which two banking practices are part of the consumers responsibility? knowing rights and responsibilities relating to money transfers disposing of credit reports to maintain security notifying the bank of lost credit or debit cards testing networks to ensure there is appropriate network security

select all the correct answers. under the electronic fund transfer act, which two banking practices are part of the consumers responsibility? knowing rights and responsibilities relating to money transfers disposing of credit reports to maintain security notifying the bank of lost credit or debit cards testing networks to ensure there is appropriate network security

Answer

Brief Explanations:

The Electronic Fund Transfer Act requires consumers to be aware of their rights and responsibilities regarding money - transfers and to notify the bank of lost credit or debit cards. Disposing of credit reports is not directly related to EFT Act consumer responsibilities, and testing network security is typically a bank's task.

Answer:

  • knowing rights and responsibilities relating to money transfers
  • notifying the bank of lost credit or debit cards