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SS3: COMMERCE - 1ST TERM
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Business and Its Environment | Week 12 Topics|1 Quiz
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Introduction to Marketing | Week 26 Topics|2 Quizzes
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Consumer Protection | Week 31 Topic
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Instruments for Protection | Week 49 Topics
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Agencies that Educate and Protect Consumers | Week 58 Topics|2 Quizzes
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Business Documents | Week 63 Topics|2 Quizzes
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Means of Payment | Week 75 Topics|1 Quiz
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Commercialization | Week 84 Topics
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Privatization | Week 94 Topics
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Deregulation | Week 102 Topics
Lesson 7,
Topic 1
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Means of Payment
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This can be referred to as the various ways by which settlement of debts or transaction can be effected between people who are engaged in financial or business transactions e.g. between a debtor and a creditor.
The following Means of Payment systems can be used:
- Banking System
- Port Office System of Payment
- Businessman System of Payment
- Legal Tender
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