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

This topic has expert replies
Legendary Member
Posts: 1622
Joined: Thu Mar 01, 2018 7:22 am
Followed by:2 members

Timer

00:00

Your Answer

A

B

C

D

E

Global Stats

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
Source: — Data Sufficiency |