One means of making payment through NIPOST is the?

Assessment: WAEC SSCE - Commerce - 1992 (Objective) Subject: Commerce

Question 1 Report

One means of making payment through NIPOST is the?
Answer Details
The means of making payment through NIPOST is a money order. A money order is a form of payment that is similar to a check. It is a prepaid instrument that guarantees payment to the recipient. Money orders can be purchased at NIPOST offices and can be used to make payments to any person or organization that accepts them. To purchase a money order at NIPOST, the customer needs to fill out a form indicating the amount of money to be sent and the recipient's name and address. The customer then pays the amount plus a fee, which varies depending on the amount sent. After the payment is made, the customer receives a receipt and a copy of the money order, which can be sent to the recipient. Money orders are considered a safe and reliable way to send money, especially for people who do not have bank accounts or access to electronic payment systems. They are also useful for making payments to people or organizations that do not accept personal checks or credit cards. Therefore, if someone wants to make a payment through NIPOST, they can do so by purchasing a money order, which can be sent to the recipient for payment.

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