Question

20. Which is not a true statement about the disadvantages of certain methods of payment?

A. You may be charged interest if you do not pay off your debit card balance each month.
B. You will not be able to make purchases online if you are paying with cash.
C. You may be charged an overdraft fee if you try to spend more on your debit card than is in
your linked account.
D. You may be at risk for hacking if you use online banking.

Answer 1

The disadvantages of certain methods of payment include potential interest charges, overdraft fees, and hacking risks.

Step-by-step explanation:

The correct answer is option B. While most disadvantages of certain methods of payment are true, option B is not. Paying with cash does not necessarily prevent you from making purchases online. There are various ways to make online purchases using cash, such as through prepaid cards or paying with cash at a participating retailer.

On the other hand, the other options have valid disadvantages. Option A is true because if you do not pay off your debit card balance each month, you may be charged interest. Option C is true because if you try to spend more on your debit card than is in your linked account, you may be charged an overdraft fee. Option D is true because using online banking can expose you to the risk of hacking.

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