Question

Elizabeth is a middle age female who was planning to purchase a new spring wardrobe with her credit card. When she handed her salesperson her credit card, she was surprised to find out that it was denied. Elizabeth had no idea how this could possibly have happened. She has a $20,000 credit limit and currently has a zero balance. Elizabeth realized that a crime had been committed against her.
Credit card fraud, such as what Elizabeth suffered, are responsible for the loss of per ____ year to merchants.
a. 1 million
b. 10 million
c. 1 billion
d. 10 billion

Answer

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