Advise Leo whether he should go ahead with this change. Justify your answer by providing two advantages and two disadvantages.
Understand the Problem
The question is asking for advice on whether Leo should proceed with making all payments over $50 by credit transfer. It requires the identification of two advantages and two disadvantages of this change.
Answer
Consider security vs. flexibility and fees.
Leo should carefully weigh the benefits of making payments over $50 via credit transfer. Advantages include increased security and easier transaction tracking, while disadvantages might be reduced cash flow flexibility and potential transaction fees.
Answer for screen readers
Leo should carefully weigh the benefits of making payments over $50 via credit transfer. Advantages include increased security and easier transaction tracking, while disadvantages might be reduced cash flow flexibility and potential transaction fees.
More Information
Credit transfers provide a secure payment method, reducing the risk of carrying cash, and facilitate tracking transactions in financial records. However, they may come with fees and could impact cash flow management flexibility.
Tips
Common mistakes include underestimating transaction fees and not considering the impact on cash flow flexibility.
AI-generated content may contain errors. Please verify critical information
