COST ACCOUNTING
FINANCIAL TERMINOLOGY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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John is calling his bank’s customer service line because there is a purchase in his credit card report he didn’t order. John might have been a victim of a ____
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Misuse
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Payment
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Debt
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Fraud
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Explanation:
Detailed explanation-1: -The bank usually pays for stolen credit card purchases. Sometimes, the merchant is responsible. The consumer almost never pays for stolen credit card purchases.
Detailed explanation-2: -A heads-up clerk might notice someone using a stolen credit card and call it in to the police. Or, an investigator might be able to trace a criminal who uses a stolen credit card number online. But unless you know the person involved in committing the fraud, you may not find out if there’s actually been an arrest.
There is 1 question to complete.