Which of the Following Is a Disadvantage of Using Debits

question 15

Multiple Choice

Which of the following is a disadvantage of using debits cards over credit cards?

• A)The record of the transaction shows up on your bank statement.
• B)Higher interest rates than for credit cards.
• C)You cannot tell if your bank account will become overdrawn.
• D)The fees can become significant.

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Definitions:

Business-Format Franchising

A franchising arrangement where the franchisee is given not just the rights to sell a product or service, but also the detailed method to conduct the business.

Product-Distribution

Product-distribution involves the process of making a product or service available for the consumer or business user that needs it, which can include warehousing, logistics, and retailing.

Geographic Region

An area defined by physical, natural, human, or cultural characteristics that distinguish it from other areas.

Franchisees

Individuals or entities that acquire the rights to operate and sell a franchisor's products or services within a certain territory.