Statement I: Check-Cashing Outlets Generally Charge Customers One to Three

question 149

Multiple Choice

Statement I: Check-cashing outlets generally charge customers one to three percent of the value of their checks.
Statement II: The poor pay a lower percentage of their income for banking services (i.e. ,check-cashing and writing checks and money orders) than the relatively well-to-do.

• A)Statement I is true and statement II is false.
• B)Statement II is true and statement I is false.
• C)Both statements are true.
• D)Both statements are false

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