◈ Oracle Prep Sign Up Free

O-LevelCommerceBanking7100/12 · May/June 2013 · Q341 Mark

A large company wants all customers to pay their monthly accounts in full on the due date. Which method of payment would be most suitable for the company?

Acheque

Bcredit transfer

Cdebit card

Ddirect debit

✓ Correct answer

D: direct debit

Practise more questions on this topic

Oracle Prep sorts past-paper questions by topic, so you can drill Banking and see which topics are most likely to come up next.

Sign up free →

About this question

Topic: Banking, O-Level Commerce (syllabus 7100). Multiple choice, 1 mark.
Source: O-Level Commerce, May/June 2013 Paper 1 Variant 2, question 34.

Questions and mark schemes are from past examination papers and remain the copyright of the exam board. How Oracle Prep builds its content

Related Commerce questions

BankingMay/June 20131m

Alice has an overdraft facility on her current account. At the beginning of a month Alice had an overdraft of $650. A…

BankingMay/June 20141m

Internet banking is widely used because customers can

BankingMay/June 20141m

What is an advantage of a bank current account?

Wholesale tradeMay/June 20161m

In which order are the following home trade documents used?

Wholesale tradeMay/June 20161m

Why does a manufacturer obtain quotations from more than one supplier?

Wholesale tradeMay/June 20161m

Below is part of an invoice sent to a retailer by a wholesaler. INVOICE 100 pairs ladies shoes at $30 per pair $3000 …

← Browse all past-paper questions