ABC bank offers its customers “e-money” cards. Which one of the following statem
ID: 2501031 • Letter: A
Question
ABC bank offers its customers “e-money” cards. Which one of the following statements is true? a. ABC Bank customers have exactly the same protection for their e-money cards as they do for their cash in other ABC bank accounts. b. ABC Bank customers may have legal problems with their e-money cards if no current statutory or case law covers this subject matter. c. ABC Bank customers automatically may apply all laws regarding normal cash accounts to their e-money accounts. d. ABC Bank e-money cards are subject only to internal bank regulations, not other applicable federal or state laws.
Explanation / Answer
b. ABC Bank customers may have legal problems with their e-money cards if no current statutory or case law covers this subject matter.