Question

Your credit card liability for fraudulent usage of your lost or stolen credit card is limited to $____ if you report the loss.

a) $50
b) $100
c) $200
d) $500

Answer 1

The liability for fraudulent usage of a lost or stolen credit card is limited to $50 if you report the loss.

Step-by-step explanation:

The credit card liability for fraudulent usage of a lost or stolen credit card is limited to $50 if you report the loss. This means that if unauthorized charges are made on your credit card before you report it, you will only have to pay a maximum of $50.