Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Question
What should you do if your Debit/Credit is lost or stolen? Why?
Expert Solution
Step 1
Lost or stolen debit or credit both can cause problems. However the problem is more with the debit side. Because lost card or theft by thieves can reduce the account balance or make it to nil as a result of which charges would be imposed by the bank & one more thing is the lost debit card if not immediately reported to the bank can create problems to the holder.
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