Question

question 12 of 13
what is the primary risk associated with debit cards if they are lost or stolen?
select an answer from the options below.
a can only spend up to the available amount
b limited merchant acceptance
c unauthorized use leading to financial loss
d high interest rates will compound

Explanation:

When a debit card is lost or stolen, the main concern is that someone else (unauthorized person) could use it. Since a debit card is linked directly to the cardholder's bank account, any unauthorized use would result in financial loss for the cardholder.

• Option A is a feature of debit cards (spending only up to available balance) but not a risk associated with loss/theft.
• Option B (limited merchant acceptance) is a general drawback of some payment methods but not the primary risk when lost/stolen.
• Option D (high - interest rates compounding) is more relevant to credit cards (if not paid off) rather than debit cards.

Answer:

C. Unauthorized use leading to financial loss