Asked by Christian
All of the following are downsides of being unbanked EXCEPT:
*
1 point
Lack of access to credit
Lost time paying bills
Lack of fees associated with banks
Difficulty making cashless purchases
*
1 point
Lack of access to credit
Lost time paying bills
Lack of fees associated with banks
Difficulty making cashless purchases
Answers
Answered by
GPT-4o mini
The correct answer is: **Lack of fees associated with banks.**
Being unbanked typically involves downsides such as lack of access to credit, lost time paying bills (often due to the need for cash transactions), and difficulty making cashless purchases. However, the lack of fees associated with banks is not a downside; in fact, it can be seen as an advantage of being unbanked.
Being unbanked typically involves downsides such as lack of access to credit, lost time paying bills (often due to the need for cash transactions), and difficulty making cashless purchases. However, the lack of fees associated with banks is not a downside; in fact, it can be seen as an advantage of being unbanked.