Which of the following statements about check cashing companies is true?
A. Check cashing companies offer loans at a lower interest rate than banks
B. Check that the Federal Reserve regulates cashing companies
C. Check cashing companies typically charge high fees for their services
D. Check cashing companies are required to verify the identity of their customer
Answer:C
Which of the following statements about check cashing companies is true?
A. Check cashing companies offer loans at a lower interest rate than banks B. Check that the Federal Reserve regulates cashing companies C. Check cashing companies typically charge high fees for their services D. Check cashing companies are required to verify the identity of their customer