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How much did credit-card fraud cost United States banks in year \(X\) to the nearest \(\$ 10\) million?

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by Gmat_mission » Sun Nov 07, 2021 1:15 pm

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How much did credit-card fraud cost United States banks in year \(X\) to the nearest \(\$ 10\) million?

(1) In year \(X,\) counterfeit cards and telephone and mail-order fraud accounted for \(39\) percent of the total amount that card fraud cost the banks.

(2) In year \(X,\) stolen cards accounted for \(\$ 158.4\) million, or \(16\) percent, of the total amount that credit-card fraud cost the banks.

Answer: B

Source: Official Guide
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