Standing order and bank draft - SS3 Commerce Past Questions and Answers - page 1
1
What is a standing order?
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A
A secure payment method issued by a bank
B
An instruction for regular fixed payments
C
A form of payment drawn on an individual's personal account
2
When is a standing order commonly used?
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A
For one-time payments
B
For high-value purchases
C
For recurring payments
4
What is a bank draft?
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A
An instruction for regular fixed payments
B
A secure payment method issued by a bank
C
A form of payment drawn on an individual's personal account
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