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O-LevelCommerceBanking7100/12 · Oct/Nov 2017 · Q321 Mark

How do banks make regular payments of fixed amounts on behalf of their customers?

Abank drafts

Bcredit transfers

Cdirect debits

Dstanding orders

✓ Correct answer

D: standing orders

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About this question

Topic: Banking, O-Level Commerce (syllabus 7100). Multiple choice, 1 mark.
Source: O-Level Commerce, Oct/Nov 2017 Paper 1 Variant 2, question 32.

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