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19 April, 15:54

Which of the following statements about check cashing companies is FALSE? They can take a percentage of your check on top of fees. They charge low fees. They offer bad deals where you'll owe a lot more than you borrowed. They make it easy to fall into a loan cycle that is hard to get out of.

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Answers (2)
  1. 19 April, 17:37
    0
    the first one is wrong
  2. 19 April, 18:33
    0
    The correct answer is letter "B": They charge low fees.

    Explanation:

    Check cashing companies are loan organizations that provide cash to individuals without the need of creating a bank account with them. They provide people cash based on their paychecks. The loans are usually established to be repaid in short terms carrying high-interest rates. The advantage of these organizations is the few requirements that are needed to obtain the cash.
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Home » Business » Which of the following statements about check cashing companies is FALSE? They can take a percentage of your check on top of fees. They charge low fees. They offer bad deals where you'll owe a lot more than you borrowed.
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