O-LevelCommerceBankingOct/Nov 2018Paper 1 Q301 Mark
'A means of payment agreed between the debtor and the creditor used for recurring and variable payments.' Which means of payment is being described?
Abank draft
Bdirect debit
Cdocumentary credit
Dstanding order
✓ Correct Answer
The correct answer is B. This question tests the candidate's understanding of banking 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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