Prepaid Cards
3 Questions
0 Views

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

What is a potential disadvantage of prepaid cards?

  • High interest rates for cash advances
  • Ability to build credit history
  • Access to reward programs
  • Limited consumer protection in case of loss or theft (correct)

    • Which of the following is a common advantage of prepaid cards?

  • Ability to earn high interest on deposits
  • Access to long-term loans
  • No risk of accumulating debt (correct)
  • Eligibility for overdraft protection

    • What is a potential drawback of using prepaid cards for online purchases?

  • Ability to improve credit score
  • Access to higher credit limits
  • Limited fraud protection compared to credit cards (correct)
  • Participation in cashback programs

    • More Like This

    Use Quizgecko on...
    Browser
    Open
    Browser
    Browser