Which of the following statements about check cashing
companies is TRUE?
They charge high fees.
They have limited operating hours during the day.
They delay when you can access your cash.
They sometimes offer free services,

Respuesta :

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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