To ensure customers' security, various financial companies offer certain protections for consumers. For example, some offer prot
ections if a card is lost or stolen, including zero liability protection. Which statement best explains the meaning of zero liability protection? A) Stolen cards are guaranteed to be found, and criminal charges brought against people who steal them.
B) Consumers are provided a replacement card, free of charge, after they
report a card lost or stolen.
C) Cards are guaranteed to be replaced within three business days of being
reported lost or stolen.
D) Consumers are not responsible for unauthorized transactions if their cards
are lost or stolen.
D) Consumers are not responsible for unauthorized transactions if their cards are lost or stolen.
Explanation:
A zero liability protection is a policy where any lost card's charges are not put against the owner, keeping them free from any liability. This means that any charges or expenses after the loss of a card are not charged or put against the owner of the card.
So, the 'zero liability protection' put by financial companies means that the customers will not be held responsible for any expenses or charges made with their lost cards.
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