Which is not a true statement about the disadvantages of certain methods of payment?Group of answer choicesYou may be at risk for hacking if you use online banking.You will not be able to make purchases online if you are paying with cash.You may be charged interest if you do not pay off your debit card balance each month.You may be charged an overdraft fee if you try to spend more on your debit card than is in your linked account.
Question
Which is not a true statement about the disadvantages of certain methods of payment?Group of answer choicesYou may be at risk for hacking if you use online banking.You will not be able to make purchases online if you are paying with cash.You may be charged interest if you do not pay off your debit card balance each month.You may be charged an overdraft fee if you try to spend more on your debit card than is in your linked account.
Solution
The statement that is not true about the disadvantages of certain methods of payment is: "You may be charged interest if you do not pay off your debit card balance each month."
This is because debit cards are linked directly to your bank account, and you are spending money you already have, rather than borrowing money from the bank as you would with a credit card. Therefore, there is no balance to pay off at the end of the month and no interest charged.
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