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O-LevelCommerceCredit7100/12 · Oct/Nov 2016 · Q91 Mark

A method of credit in which a shopkeeper keeps goods ordered for collection at the end of the week is known as

Acredit sales.
Bcredit transfer.
Cdeferred credit.
Dlay-by.

✓ Correct answer

D: lay-by.

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About this question

Topic
Credit, O-Level Commerce (syllabus 7100). Multiple choice, 1 mark.
Source
O-Level Commerce, Oct/Nov 2016 Paper 1 Variant 2, question 9.

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