4) Joe and Fred are out "on the town" (dinner, drinks, etc.).....The restaurant only accepts cash, so Joe gives Fred his ATM card and PIN number. Fred goes across the street to the bank to make a withdrawl.three days later Joe gets a phone call from his girlfriend Mary that a check he wrote to her was returned NSF.Joe checks his bank account and discovers that Fred (his friend) removed 3xthe amount of cash.Joe calls the bank demanding the money be returned because this was a fraud!

a- Will the loss be covered by the bank?Yes or no and

b- Explain your answer.