OMVIC Practice Test 2025 - Free OMVIC Practice Questions and Study Guide

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Question: 1 / 400

How is the Transaction Fee Program fee collected?

Monthly

Quarterly

Semi-annually

Annually

The Transaction Fee Program fee is collected on an annual basis. This means that the fee is charged once a year. Options A, B, and C are incorrect because they refer to a collection period that is more frequent than annually. Monthly, quarterly, and semi-annually all indicate a collection period that occurs on a monthly, quarterly, or semi-annual basis respectively. Hence, these options are not correct as they do not align with the correct answer of annually.

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