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AAFM CWM_LEVEL_2 Exam - Topic 6 Question 54 Discussion

Section A (1 Mark)Which of the following statements regarding debit and credit card liability is correct?
C) There is no cardholder liability if either type of card is lost.
A) A credit card carries more risk of loss to the cardholder.
B) A debit card carries more risk of loss to the cardholder.
D) The Government insures losses on credit but not debit cards.

AAFM CWM_LEVEL_2 Exam - 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

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Blossom
9 months ago
I thought the government covered both types equally!
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Sue
9 months ago
Actually, there's usually some liability with lost cards.
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Louvenia
9 months ago
Surprised to see people think debit is riskier!
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Daryl
9 months ago
I disagree, credit cards have more fraud protection.
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Dell
9 months ago
A debit card definitely carries more risk!
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Rolande
10 months ago
I vaguely remember something about government protections, but I can't recall the specifics. D sounds familiar, but I'm not confident about it.
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Carmen
10 months ago
I recall a practice question about card liability, and I think it mentioned that you can be liable for losses if you don't report a lost card quickly. So, C seems unlikely.
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Chantay
10 months ago
I'm not entirely sure, but I feel like debit cards can lead to more direct loss since they access your bank account. Could it be B?
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Nickolas
10 months ago
I think I remember that credit cards usually have more protections against fraud, so maybe A is correct?
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An
10 months ago
Okay, I remember learning about the importance of noise floor and RSSI for voice quality. I'll focus on those two factors.
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Hannah
10 months ago
Okay, let's see. The question mentions a new security policy being pushed out, so that's likely the key factor here. I'll focus on analyzing how that could impact CIFS access.
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Glenn
10 months ago
Okay, I've got a strategy for this. I'll start by reviewing my notes on enterprise service buses and their typical use cases. Then I'll think through whether message routing is a core requirement for REST services or if there are other ways to handle that. Hopefully that will help me determine the right answer.
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Kristine
1 year 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?
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Darrin
1 year ago
C) There is no cardholder liability if either type of card is lost.
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Walton
1 year ago
B) A debit card carries more risk of loss to the cardholder.
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Derick
1 year ago
A) A credit card carries more risk of loss to the cardholder.
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Jame
1 year 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?
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Roxanne
1 year ago
Actually, it's C) There is no cardholder liability if either type of card is lost.
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Alfred
1 year ago
No, I believe it's B) A debit card carries more risk of loss to the cardholder.
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Lemuel
1 year ago
I think it's A) A credit card carries more risk of loss to the cardholder.
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Bettina
1 year 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...
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In
1 year ago
User 4: I remember reading that it's D) The Government insures losses on credit but not debit cards.
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Alyce
1 year 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.
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Olive
1 year ago
User 2: No, I believe it's B) A debit card carries more risk of loss to the cardholder.
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Armando
1 year ago
User 1: I think it's A) A credit card carries more risk of loss to the cardholder.
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Jacob
1 year ago
User 4: I remember learning that it's D) The Government insures losses on credit but not debit cards.
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Gwenn
1 year 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.
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Lashawn
1 year ago
User 2: I disagree, I believe it's B) A debit card carries more risk of loss to the cardholder.
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Edda
1 year ago
User 1: I think it's A) A credit card carries more risk of loss to the cardholder.
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Caprice
1 year ago
I'm going with A. Credit cards have those pesky interest rates and fees, so the risk is higher for cardholders. Easy peasy!
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Solange
1 year ago
User 2: I see your point, but I still believe A is the right answer. Credit cards have more potential for loss.
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Sharen
1 year ago
User 1: I think B is correct. Debit cards are linked directly to your bank account, so the risk is higher.
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Blythe
1 year ago
But credit cards have more protection against fraud, so I think A is correct.
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Nobuko
1 year ago
D seems way too good to be true. The government insuring credit card losses but not debit cards? Nice try, exam writers!
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Arlette
1 year 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!
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Omer
1 year ago
I disagree, I believe the answer is B.
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Blythe
1 year ago
I think the correct answer is A.
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