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GCE Commerce 1989 Question 30

Question 30

Communication

Which of the following is charged by the NIPOST on Postal order?

  1. A.Interest
  2. B.tax
  3. C.Poundage
  4. D.Premium
  5. E.Dividend
Show the answer and explanation

Answer: C (Poundage)

Explanation

Poundage is the small fee charged by the post office for issuing a postal order.