Statement I: Welfare banks are check-cashing outlets.
Statement II: To cash a check at a check-cashing outlet,you usually have to pay a fee of one to three percent of the value of the check.

Question

Quizplus · Accepted Answer

Welfare banks, which are banks that provide financial services to people receiving government assistance or welfare, often serve as check-cashing outlets for their clients. It is true that to cash a check at a check-cashing outlet, one usually has to pay a fee of one to three percent of the value of the check. Hence, both statements are true.

Statement I: Welfare Banks Are Check-Cashing Outlets