The fees charged on postal oder by the post office is?

Assessment: WAEC SSCE - Commerce - 2016 (Objective) Subject: Commerce

Question 1 Report

The fees charged on postal oder by the post office is?

Answer Details
The fees charged on postal orders by the post office is called "poundage." Poundage is the fee charged by the post office for the service of issuing a postal order. It is usually a percentage of the face value of the postal order and is intended to cover the administrative costs of providing the service. For example, if a postal order is issued for $100 and the poundage rate is 5%, the poundage fee would be $5.
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