WAEC Commerce 2015 Objective — Question 38
Question 38 of 50 from the West African Examinations Council (WAEC) Commerce 2015 Objective paper, with the correct answer and a full explanation.
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Which of the following means of payment makes both the drawer and drawee to be the same at the same time?
- A. standing order
- B. Bill of exchange
- C. bank draft
- D. credit transferCorrect
Explanation
With credit transfer, multiple persons can be paid at the same time.
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