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WAEC Commerce 2011 Question 14

Question 14

Money

Which of the following is a means of payment?

  1. A.I.O.U.
  2. B.Postal order
  3. C.Promissory note
  4. D.C.I.F
Show the answer and explanation

Answer: B (Postal order)

Explanation

A postal order is bought at the post office and used to make payments.