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

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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

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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

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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

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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

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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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