Which of the following financial institutions typically have the highest fees?
A. Check cashing and payday loan companies
B. Credit unions
C. Brick-and-mortar banks
D. Internet banks
Which of the following financial institutions typically have the highest fees?
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A. Check cashing and payday loan companies
These financial institutions typically charge the highest fees due to their high-interest rates and service charges for cash advances and check cashing services. They often target individuals with limited access to traditional banking services, leading to higher costs for customers.