Question

which of the following are typically disadvantages of using cash? high transaction fees cannot use online limited acceptance at stores easy to rack up debt must have the money at time of purchase none of the above

Explanation:

• "High transaction fees" is incorrect as cash transactions usually have no or low transaction fees (credit/debit cards often have fees).
• "Cannot use online" is correct because online transactions typically require electronic payment methods, and cash can't be used directly for online purchases.
• "Limited acceptance at stores" is incorrect as most stores accept cash.
• "Easy to rack up debt" is incorrect because cash spending is limited to the amount on hand, while credit cards are more associated with debt accumulation.
• "Must have the money at time of purchase" is correct because with cash, you need to have the physical money available when making a purchase (unlike credit where you can borrow and pay later).
• "None of the above" is incorrect as there are correct options.

Answer:

• Cannot use online
• Must have the money at time of purchase