Question

question 5 of 13 what is one significant disadvantage of using a credit card? select an answer from the options below. a limited acceptance by merchants b immediate deduction from a bank account c not suitable for online transactions d high interest rates and fees if not paid on time

Explanation:

Credit cards are widely accepted by merchants, suitable for online transactions, and do not immediately deduct funds from a bank account. A key disadvantage is that late payments result in high interest rates and fees.

Answer:

D. High interest rates and fees if not paid on time