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Means of payment through post office - SS3 Commerce Past Questions and Answers - page 1

1
What is a stamp?
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A
A government-operated facility
B
An adhesive paper for postal services
C
A payment instrument for sending money
2
What is a money order?
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A
A prepaid payment instrument issued by the post office
B
A written promise to pay a debt
C
A government-operated facility
3
What is a postal order?
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A
A prepaid payment instrument issued by the post office
B
A government-operated facility
C
An adhesive paper for postal services
4
What is a promissory note?
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A
A prepaid payment instrument issued by the post office
B
A written promise to pay a debt
C
An adhesive paper for postal services
5
What is the purpose of a stamp?
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A
To provide proof of payment for postal services
B
To settle a debt or facilitate a financial transaction
C
To send money securely
6
What services are provided by the post office?
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7
How does a money order differ from a promissory note?
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