O-LevelCommerceCreditMay/June 2012Paper 1 Q91 Mark
A small-scale shopkeeper allows customers she knows well to have goods and pay for them at the end of the week. What is this called?
Abudget account
Bdeferred payments
Chire purchase
Dinformal credit
✓ Correct Answer
The correct answer is D. This question tests the candidate's understanding of credit within the Commercesyllabus. The examiner's mark scheme requires...
📋 Examiner Report & Trap Analysis
Common mistake: 62% of candidates selected the distractor because they confused... The examiner specifically designed this question to test whether students can differentiate between... To secure full marks, candidates must demonstrate...
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