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What is called money order?



A money order is a secure financial instrument used for transferring funds. It functions as a prepaid document that can be issued by banks, post offices, or other authorized agencies. The sender pays the amount in advance, plus any applicable fees, and the recipient can cash or deposit the money order at their convenience. It is considered a safer alternative to sending cash through the mail and is widely used for transactions where a guaranteed payment is ... 30 Questions, Questions With Answers, Money Market Account, Money Order, Reverse Mortgage, Build Credit, Renters Insurance, Financial Instrument, Money Market

What is called money order? A money order is a secure financial instrument used for transferring funds. It functions as a prepaid document that can be issued by banks, post offices, or other authorized agencies. The sender pays the amount in advance, plus any applicable fees, and the recipient can cash or deposit the money order at their convenience. It is considered a safer alternative to sending cash through the mail and is widely used for transactions where a guaranteed payment is…

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