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Which of the following is a means of payment?

Which of the following is a means of payment?

  • A.
    I.O.U
  • B.
    Postal order
  • C.
    Promissory note
  • D.
    C.I.F
Correct Answer: Option B
Explanation

A postal order is an order for payment of a specified sum to a named payee, issued by the Post Office.