Credit Cards Quizzes-What is the most amount that you

Answer to Quiz

What is the most amount that you are liable for if your credit card is stolen and you promptly report it to the credit card company?

Answer: (b), $50
Under federal law, the most you are liable for in the event of a stolen credit card is $50. If your card is stolen it is important to quickly notify the credit card issuer.

Next Quiz:

When a customer disputes a credit card sale by a merchant, the following occurs:

(a) A chargeback
(b) A credit rebate
(c) A collateral charge
(d) A deferred refund

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