Which of the following statements about check cashing companies is TRUE?

Answer:

They charge high fees.

explaination:

Check cashing companies provide a service that allows individuals to cash their checks without needing a bank account. This service is particularly useful for those who may not have access to traditional banking services. However, the convenience comes at a cost, as these companies typically charge high fees for their services. This is a significant factor to consider when using check cashing services, as the fees can be substantially higher than what a bank would charge for similar services. The other statements regarding limited operating hours, delays in accessing cash, and offering free services are generally not true for most check cashing companies.

Topic: Finance, Check Cashing Services

Tags: finance check cashing fees financial services

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Which of the following statements about check cashing companies is TRUE?

Question:

Choices:

Answer:

explaination: