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GCE Commerce 1990 Question 55

Question 55

Banking

Which of the following is not a means of making payment to a businessman?

  1. A.Bank draft
  2. B.Cash
  3. C.Money order
  4. D.Cheque
  5. E.Statements
Show the answer and explanation

Answer: E (Statements)

Explanation

A statement of account only shows what is owed; it is not a means of payment.