Question

question 6 of 10
your ability to get your money back from a scam or fraud depends on what?
○ which financial institution you use
○ if you authorized the payment
○ whether or not the police believe you
● how much money you lost
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Explanation:

To determine the correct answer, we analyze each option:

• "Which financial institution you use": The type of financial institution isn't the key factor in getting money back from a scam/fraud.
• "If you authorized the payment": Authorization of the payment is a crucial factor. If you authorized a payment (even if it was a scam you fell for), the process of getting money back is different compared to unauthorized transactions (like unauthorized credit card charges). In many cases, if you authorized a payment due to fraud (e.g., you were tricked into sending money), the liability and ability to get a refund depend on this authorization status.
• "Whether or not the police believe you": The police's belief isn't the determining factor for financial institutions or payment processors to refund money.
• "How much money you lost": The amount lost doesn't dictate the ability to get a refund; it's more about transaction authorization and fraud policies.

So the correct answer is the option about authorizing the payment.

Answer:

B. If you authorized the payment