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O-LevelCommerceBanking7100/12 · May/June 2016 · Q341 Mark

Which method of payment would a company use to pay dividends directly into the bank accounts of its 2000 shareholders?

Abank draft

Bbanker's order

Ccredit transfer

Ddirect debit

✓ Correct answer

C: credit transfer

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About this question

Topic: Banking, O-Level Commerce (syllabus 7100). Multiple choice, 1 mark.
Source: O-Level Commerce, May/June 2016 Paper 1 Variant 2, question 34.

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