The true statement that describes check cashing companies as regards the question is A: They charge high fees.
- Check-cashing services can be regarded as service that helps individual to access to their money without a bank account.
- These companies helps to individual to cash their paycheck as well as other types of checks, and at the end the company will charge some fees.
- Those companies involved can be regarded as part of the financial services system, however they charge very high fee, the charge is usually some percentage of ones check instead of flat rate.
Therefore, A option is correct
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