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SS2: COMMERCE - 1ST TERM

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  1. Transportation I | Week 1
    6 Topics
  2. Transportation II | Week 2
    3 Topics
    |
    2 Quizzes
  3. Nigerian Ports Authority | Week 3
    2 Topics
    |
    2 Quizzes
  4. Communication I | Week 4
    6 Topics
  5. Communication II | Week 5
    4 Topics
  6. Communication III | Week 6
    3 Topics
    |
    4 Quizzes
  7. Advertising | Week 7
    2 Topics
  8. Media of Advertising | Week 8
    3 Topics
    |
    2 Quizzes
  9. Tourism | Week 9
    2 Topics
  10. Insurance | Week 10
    3 Topics
    |
    2 Quizzes



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Lesson 5, Topic 1
In Progress

Functions of a Post Office as a Means of Payment

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1. Cash on Delivery: The means of payment enables cash to be collected immediately after goods or parcels are delivered to the buyer.

2. Postage Stamps: Stamps are sold at the post office to settle small amounts of payment by post such as catalogs.

3. Postal Order: It is a means of payment made available by the post office which is provided in various denominations and is used to settle small debts. Poundage or commissions are paid on each postal order purchased. They are tenable within six months after the issue. Postal orders are not negotiable or transferable.

4. Money Orders: This means of payment is provided by the post office for people wishing to transmit sums of money to people who have no current account with a bank.

5. Telegraphic Money Order: Money orders can be dispatched by telegraph sometimes. This provides an efficient way of sending sums of money from one place to another.

6. Sales of Forms: The post office helps to sell forms for examination bodies like JAMB, WAEC, and NECO.

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