Question

If you tell your bank within 2 days of learning about fraudulent charges you are responsible for a maximum of _____. If you tell your bank within 2 days of learning about fraudulent charges you are responsible for a maximum of _____. drop zone empty. Waiting for more than 2 days but less than 60 days to inform your bank of fraudulent charges you are responsible for a maximum of _____. Waiting for more than 2 days but less than 60 days to inform your bank of fraudulent charges you are responsible for a maximum of _____. drop zone empty. After you tell your financial institution about the fraudulent charges it has _____ business day/days to investigate. After you tell your financial institution about the fraudulent charges it has _____ business day/days to investigate. drop zone empty. If the investigation determines the transaction was indeed fraudulent, your financial institution must replace the funds within ____ business day/days.

Answer 1

1. $50

2. $500

3. 10 days.

4. 1 day.

Step-by-step explanation:

The Federal Reserve (Fed) and Central banks (lender of last resort) are readily accessible and available to give monetary funds to depository institutions when they're running out of money and as well as regulate their activities.

1. If you tell your bank within 2 days of learning about fraudulent charges you are responsible for a maximum of $50.

2. Waiting for more than 2 days but less than 60 days to inform your bank of fraudulent charges you are responsible for a maximum of $500.

3. After you tell your financial institution about the fraudulent charges it has 10 business days to investigate.

4. If the investigation determines the transaction was indeed fraudulent, your financial institution must replace the funds within 1 business day.