Question

question 2 of 10
what is a limitation of online banking?

a. ability to do banking anytime

b. typically higher interest rates

c. limited to smartphones

d. high risk of identity theft

Explanation:

• Option A: "Ability to do banking anytime" is an advantage of online banking, not a limitation.
• Option B: Online banks often have competitive (not necessarily higher) interest rates, so this is incorrect.
• Option C: Online banking can be accessed via computers, tablets, etc., not just smartphones.
• Option D: Online banking involves sharing personal/financial info online, increasing the risk of identity theft, which is a limitation.

Answer:

D. High risk of identity theft