All of the following are downsides of being unbanked EXCEPT

Responses

Lack of access to credit
Lack of access to credit

Lost time paying bills
Lost time paying bills

Financial Secrecy
Financial Secrecy

Difficulty making cashless purchases

1 answer

The option that does not represent a downside of being unbanked is Financial Secrecy.

Being unbanked is generally associated with challenges related to financial access, such as lack of access to credit, lost time paying bills, and difficulty making cashless purchases. However, financial secrecy is not typically viewed as a downside, as being unbanked might actually enhance personal privacy regarding financial transactions.