Which of the following statements regarding money orders is correct?

Prepare for the USPS Postal Support Employee Test. Use flashcards and multiple-choice questions with hints and explanations. Get ready to succeed!

The statement regarding money orders that is correct is that money orders over $3000 require Form PS 8105-A. This form is necessary for the purchase of larger money orders to comply with federal regulations intended to prevent money laundering and other illegal activities. By requiring this form for transactions above a certain limit, the USPS ensures proper record-keeping and accountability for higher monetary transactions, which is a standard practice in financial transactions to maintain security and transparency.

In contrast, the other statements about money orders are not accurate. Money orders can be purchased using various forms of payment, not just cash. They can also be bought with debit cards or other methods, depending on the issuer's policy. Additionally, while postal employees are responsible for issuing money orders, they are not the only ones who can do so; money orders are available for purchase by the general public at postal locations. Finally, identification requirements can vary, but generally, some form of ID may be necessary for the purchase of money orders, especially for larger amounts, thus making the statement about not requiring identification misleading.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy