Terms of payments - Jamb Commerce Past Questions and Answers

Question 6:

• JAMB 2021

Hire purchase is advantageous to the seller in that ____________

A. It elevates his living standard
B. People pay instalmentally
C. His turnover will increase
D. It enhances high level of patronage

Question 7:

• JAMB 2021

The instruments of credit include

A. Billboards and postal stamps
B. Payment vouchers and statement of account
C. Bills of exchange and salary voucher
D. Bills of exchange and promissory notes