Means of payment through post office - SS3 Commerce Past Questions and Answers - page 1
What is a stamp?
A government-operated facility
An adhesive paper for postal services
A payment instrument for sending money
What is a money order?
A prepaid payment instrument issued by the post office
A written promise to pay a debt
A government-operated facility
What is a postal order?
A prepaid payment instrument issued by the post office
A government-operated facility
An adhesive paper for postal services
What is a promissory note?
A prepaid payment instrument issued by the post office
A written promise to pay a debt
An adhesive paper for postal services
What is the purpose of a stamp?
To provide proof of payment for postal services
To settle a debt or facilitate a financial transaction
To send money securely
What services are provided by the post office?
The post office provides postal services, including sending and receiving mail, parcels, and financial transactions.
How does a money order differ from a promissory note?
A money order is a prepaid payment instrument issued by the post office for sending money securely, while a promissory note is a written promise to pay a debt at a later date.