AAFM Exam CWM_LEVEL_2 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?

AA credit card carries more risk of loss to the cardholder.

BA debit card carries more risk of loss to the cardholder.

CThere is no cardholder liability if either type of card is lost.

DThe Government insures losses on credit but not debit cards.

Show Suggested Answer

Suggested Answer: C

by Wynell at Jan 07, 2023, 09:14 AM

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Bettina

5 days 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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Caprice

9 days 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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Blythe

10 days ago

But credit cards have more protection against fraud, so I think A is correct.

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Nobuko

11 days 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

13 days 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

19 days ago

I disagree, I believe the answer is B.

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Blythe

24 days ago

I think the correct answer is A.

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