Independence Day Deal! Unlock 25% OFF Today – Limited-Time Offer - Ends In 00:00:00 Coupon code: SAVE25
Welcome to Pass4Success

- Free Preparation Discussions
Mail Us support@pass4success.com
Location US
Mob_nav_barsMENU

AAFM Exam CWM_LEVEL_2 Topic 6 Question 54 Discussion

Actual exam question for AAFM's CWM_LEVEL_2 exam
Question #: 54
Topic #: 6
[All CWM_LEVEL_2 Questions]

Section A (1 Mark)

Which of the following statements regarding debit and credit card liability is correct?

Show Suggested Answer Hide Answer
Suggested Answer: C

by Wynell at Jan 07, 2023, 09:14 AM

Limited Time Offer

25%

Off

Get Premium CWM_LEVEL_2 Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel
Kristine
2 months ago
Hmm, let me think. Debit cards are basically your own money, so the risk is higher. Right? Or am I totally off base here?
upvoted 0 times
Darrin
17 days ago
C) There is no cardholder liability if either type of card is lost.
upvoted 0 times
...
Walton
1 months ago
B) A debit card carries more risk of loss to the cardholder.
upvoted 0 times
...
Derick
1 months ago
A) A credit card carries more risk of loss to the cardholder.
upvoted 0 times
...
...
Jame
2 months ago
Wait, is this a trick question? I feel like they're trying to mess with us here. Where's the sarcasm font when you need it?
upvoted 0 times
Roxanne
10 days ago
Actually, it's C) There is no cardholder liability if either type of card is lost.
upvoted 0 times
...
Alfred
13 days ago
No, I believe it's B) A debit card carries more risk of loss to the cardholder.
upvoted 0 times
...
Lemuel
17 days ago
I think it's A) A credit card carries more risk of loss to the cardholder.
upvoted 0 times
...
...
Bettina
2 months ago
I'm just going to guess and hope for the best. This question is making my head spin! Maybe I should have paid more attention in that finance class...
upvoted 0 times
Alyce
3 hours ago
User 3: I'm not sure, but I think it might be C) There is no cardholder liability if either type of card is lost.
upvoted 0 times
...
Olive
1 days ago
User 2: No, I believe it's B) A debit card carries more risk of loss to the cardholder.
upvoted 0 times
...
Armando
7 days ago
User 1: I think it's A) A credit card carries more risk of loss to the cardholder.
upvoted 0 times
...
Jacob
13 days ago
User 4: I remember learning that it's D) The Government insures losses on credit but not debit cards.
upvoted 0 times
...
Gwenn
28 days ago
User 3: I'm not sure, but I think it might be C) There is no cardholder liability if either type of card is lost.
upvoted 0 times
...
Lashawn
29 days ago
User 2: I disagree, I believe it's B) A debit card carries more risk of loss to the cardholder.
upvoted 0 times
...
Edda
1 months ago
User 1: I think it's A) A credit card carries more risk of loss to the cardholder.
upvoted 0 times
...
...
Caprice
2 months ago
I'm going with A. Credit cards have those pesky interest rates and fees, so the risk is higher for cardholders. Easy peasy!
upvoted 0 times
Solange
1 months ago
User 2: I see your point, but I still believe A is the right answer. Credit cards have more potential for loss.
upvoted 0 times
...
Sharen
2 months ago
User 1: I think B is correct. Debit cards are linked directly to your bank account, so the risk is higher.
upvoted 0 times
...
...
Blythe
2 months ago
But credit cards have more protection against fraud, so I think A is correct.
upvoted 0 times
...
Nobuko
2 months ago
D seems way too good to be true. The government insuring credit card losses but not debit cards? Nice try, exam writers!
upvoted 0 times
...
Arlette
2 months ago
B? Seriously? I always thought debit cards were safer since they're directly linked to my bank account. This exam is trying to trick us!
upvoted 0 times
...
Omer
3 months ago
I disagree, I believe the answer is B.
upvoted 0 times
...
Blythe
3 months ago
I think the correct answer is A.
upvoted 0 times
...

Save Cancel