Which of the following is a means of payments through the post office?

Assessment: WAEC SSCE - Commerce - 2000 (Objective) Subject: Commerce

Question 1 Report

Which of the following is a means of payments through the post office?
Answer Details
A means of payment through the post office is a Money Order. A money order is a payment order that is issued and guaranteed by a post office, allowing the recipient to receive a specified sum of money. It is a secure and convenient way to send money through the mail, especially for those who do not have access to traditional banking services. To obtain a money order, a customer visits a post office and pays the desired amount plus a small fee. The post office then issues the money order, which can be sent through the mail to the recipient. The recipient can then cash the money order at their own post office or deposit it into their bank account. Overall, a money order is a means of payment through the post office, providing a secure and convenient way to send money through the mail, particularly for those who do not have access to traditional banking services.

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