Question

question 6 of 10
which of the following are ways your funds are protected by the fdic/ncua and regulation e when using a p2p payment app or service?
○ fdic/ncua protects the payment transfer and regulation e protects the recipient.
○ regulation e protects your funds if you send payment to the wrong person and the fdic/ncua insures money in your account.
○ regulation e protects electronic payments during transfer and the fdic/ncua protects the money in your financial account.
○ regulation e is another name for the fdic/ncua and they both protect money in your account.

Explanation:

To solve this, we analyze each option:

• Option 1: FDIC/NCUA doesn't protect payment transfers, and Regulation E doesn't protect the recipient in this way. Eliminate.
• Option 2: Regulation E doesn't protect funds if you send to the wrong person (that's typically not covered), and FDIC/NCUA insures account balances, but the first part is incorrect. Eliminate.
• Option 3: Regulation E protects electronic payments during transfer (e.g., error resolution, unauthorized transfers), and FDIC/NCUA insures money in your financial account (like bank accounts) up to limits. This matches their roles.
• Option 4: Regulation E and FDIC/NCUA are different (Regulation E is a rule, FDIC/NCUA are insurers), so this is wrong. Eliminate.

Answer:

C. Regulation E protects electronic payments during transfer and the FDIC/NCUA protects the money in your financial account. (Note: Assuming the options are labeled A, B, C, D with the third option as C. If original labels differ, adjust, but based on the order: the third option is correct.)