Cash Advances.Explain why getting a cash advance on your credit card is a costly source of funds.

Getting a cash advance on your credit card is a costly source of funds because:(Select all that apply.)

A.

convenience checks also charge transaction fees that are 1% or more of the total amount borrowed.

B.

there are high transaction fees typically assessed at the time of withdrawal.

C.

there is only a one month grace period for cash advances and then interest begins accruing.

D.

there is only a one week grace period for cash advances and then interest begins accruing.

E.

there are low transaction fees typically assessed at the time of withdrawal.

F.

there is no grace period for cash advances and interest begins accruing immediately.

G.

convenience checks also charge transaction fees that are 10% or more of the total amount borrowed.