Under the electronic fund transfer act, which two banking practices are part of the consumer’s responsibility?

a. knowing rights and responsibilities relating to money transfers
b. disposing of credit reports to maintain security
c. notifying the bank of lost credit or debit cards
d. testing networks to ensure there is appropriate network security

The correct choices are;

"A. knowing rights and responsibilities relating to money transfers  

C. notifying the bank of lost credit or debit cards".

The Electronic Funds Transfer Act is a government law that secures shoppers occupied with the exchange of assets through electronic techniques. This incorporates the utilization of charge cards, computerized teller machines and programmed withdrawals from a financial balance. The demonstration likewise gives a methods for rectifying exchange blunders and restricts the risk from any misfortunes because of a lost or stolen card.

I believe the answer is:

A. knowing rights and responsibilities relating to money transfers

C. notifying the bank of lost credit or debit cards

Disposing credit card report is advised in order to ensure that your card would stay unusable after you no longer need it, but it never become an obligation in any way. And testing the networks is the obligation of the credit card issuer, not the consumer.

1   all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know

answer assertive;