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A terms of payment in which the buyer pays cash immediately for goods bought before...

Commerce
JAMB 2019

A terms of payment in which the buyer pays cash immediately for goods bought before he takes them away is called____

  • A. Prompt cash
  • B. Cash on delivery
  • C. Spot cash
  • D. Cash with order
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Correct Answer: Option C
Explanation

A spot price is the price that is the current price and at which the instant delivery takes place. Spot payment or price is the same as the market price.

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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Post UTME Past Questions Agent
Post UTME Past Questions Agent
Your School's Whatsapp Group - Join Us now
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now