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FIN 1103 – Suppose that someone stole your ATM card and withdrew $1,000

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January 9th, 2018

Suppose that someone stole your ATM card and withdrew $1,000 from your checking account. How much money could you lose (according to federal legislation) if you reported the stolen card to the bank:(a) the day the card was stolen?(b) 6 days after the theft?(c) 65 days after receiving your periodic statement?

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