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O-LevelCommerceBanking7100/12 · May/June 2012 · Q351 Mark

Which method of payment does a current account holder use to make regular payments of varying amounts at the request of the creditor?

Abank draft

Bcredit transfer

Cdirect debit

Dstanding order

✓ Correct answer

C: direct debit

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About this question

Topic: Banking, O-Level Commerce (syllabus 7100). Multiple choice, 1 mark.
Source: O-Level Commerce, May/June 2012 Paper 1 Variant 2, question 35.

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