so Which of the following is a TRUEstatement about check cashing stores? They make their money by charging fees for transactions that can be done for free by customers with a traditional checking account. Their checking accounts typically cost less than traditional bank accounts. They tend to charge consumers a lot of hidden fees. Customers use check cashing stores even though the employees are unfriendly and often make customers feel embarrassed or out-of-place. Multiple Choice 1poine

## Step 1<br />The problem presents four statements about check cashing stores and asks us to identify the true one. Let's analyze each statement:<br /><br />## Step 2<br />The first statement says that check cashing stores make their money by charging fees for transactions that can be done for free by customers with a traditional checking account. This is indeed true. Check cashing stores typically charge a fee for cashing checks, which is a service that customers with traditional checking accounts can do for free.<br /><br />## Step 3<br />The second statement suggests that their checking accounts typically cost less than traditional bank accounts. This is not necessarily true. The cost of checking accounts can vary greatly depending on the bank and the specific account, and it's not a characteristic specific to check cashing stores.<br /><br />## Step 4<br />The third statement says that they tend to charge consumers a lot of hidden fees. While it's true that check cashing stores can charge high fees, it's not accurate to say that they charge a lot of hidden fees. The fees are usually clearly stated.<br /><br />## Step 5<br />The fourth statement suggests that customers use check cashing stores even though the employees are unfriendly and often make customers feel embarrassed or out-of-place. This is not a factual statement about check cashing stores. The behavior of employees can vary greatly and is not a defining characteristic of check cashing stores.