Standing order and bank draft - SS3 Commerce Past Questions and Answers - page 1
1
What is a standing order?
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
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2
When is a standing order commonly used?
A
For one-time payments
B
For high-value purchases
C
For recurring payments
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3
How do standing orders work?
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4
What is a bank draft?
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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