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Which of the following is a means of payment?

Commerce
WAEC 2011

Which of the following is a means of payment?

  • A. I.O.U
  • B. Postal order
  • C. Promissory note
  • D. C.I.F
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Correct Answer: Option B
Explanation

A postal order is an order for payment of a specified sum to a named payee, issued by the Post Office.

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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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