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WAEC Commerce 2016 Question 33

Question 33

Communication

The fees charged on postal order by the post office is

  1. A.interest.
  2. B.brokerage.
  3. C.poundage.
  4. D.premium.
Show the answer and explanation

Answer: C (poundage.)

Explanation

The small fee charged on a postal order is called poundage.