Name two advantages and two disadvantages of using cash.

Name two advantages and two disadvantages of using cash.

• A. Advantages: universal acceptance; immediate settlement. Disadvantages: risk of loss/theft; less convenient for large sums.
• B. Advantages: high interest earnings; instant refunds. Disadvantages: complex tax reporting; regulatory compliance.
• C. Advantages: online tracking; global transfers. Disadvantages: high transaction fees; slow settlement.
• D. Advantages: anonymity in all cases; zero risk of loss. Disadvantages: not accepted anywhere.

Answer: (A)