- Use of cheques –Instruction to the bank to make payment to the named person.
- Standing orders – Instruction to make a periodic payment of a specific amount to a named
person until
instructed otherwise.
- Credit transfer – Payment of several people by use of one cheque.
- Travelers cheques –Used majorly by businessmen who travel a lot to make payments outside.
- Bankerscheque – It’s a cheque written by a bank to another bank to make payments to a named
person /institution
thus the payment is guaranteed.
gideon1 answered the question on October 2, 2017 at 17:04
-
Explain five factors that encourage entrepreneurial development in Kenya.
(Solved)
Explain Five ways in which the government of Kenya can encourage entrepreneurial development.
Date posted:
October 2, 2017
.
Answers (1)
-
Describe five types of unemployment.
(Solved)
Describe five types of unemployment.
Date posted:
October 2, 2017
.
Answers (1)
-
Discuss five factors that Nakuru county government may consider before spending county
Funds.
(Solved)
Discuss five factors that Nakuru county government may consider before spending county
Funds.
Date posted:
October 2, 2017
.
Answers (1)
-
Otline four factors that comprise a negative internal environment in a business.
(Solved)
Otline four factors that comprise a negative internal environment in a business.
Date posted:
October 2, 2017
.
Answers (1)
-
Highlight four ways in which local resources can be managed to alleviate unemployment
problems in Kenya.
(Solved)
Highlight four ways in which local resources can be managed to alleviate unemployment
problems in Kenya.
Date posted:
October 2, 2017
.
Answers (1)
-
Name four commercial services that facilitate trade.
(Solved)
Name four commercial services that facilitate trade.
Date posted:
October 2, 2017
.
Answers (1)
-
Highlight any four features of time deposit account
(Solved)
Highlight any four features of time deposit account
Date posted:
October 2, 2017
.
Answers (1)
-
Highlight four benefits enjoyed by a holder of a credit card
(Solved)
Highlight four benefits enjoyed by a holder of a credit card
Date posted:
October 2, 2017
.
Answers (1)
-
Mention four non-tax internal sources of revenue to the government.
(Solved)
Mention four non-tax internal sources of revenue to the government.
Date posted:
October 2, 2017
.
Answers (1)
-
Highlight four reasons why public relations is a popular way of product promotion among banks.
(Solved)
Highlight four reasons why public relations is a popular way of product promotion among banks.
Date posted:
October 2, 2017
.
Answers (1)
-
Give the composition of the high court of Kenya
(Solved)
Give the composition of the high court of Kenya
Date posted:
October 2, 2017
.
Answers (1)
-
State factors that a trader may consider when choosing a means of transport
(Solved)
State factors that a trader may consider when choosing a means of transport
Date posted:
October 1, 2017
.
Answers (1)
-
State factors that may make a producer to by pass the wholesaler when distributing goods
(Solved)
State factors that may make a producer to by pass the wholesaler when distributing goods
Date posted:
October 1, 2017
.
Answers (1)
-
State whether the tax described below is direct or indirect (a) Stamp duty (b) Wealth tax (c) Excise duty (d) Value Added tax
(Solved)
State whether the tax described below is direct or indirect
a) Stamp duty
b) Wealth tax
c) Excise duty
d) Value Added tax
Date posted:
October 1, 2017
.
Answers (1)
-
State four current trends in sales promotion.
(Solved)
State four current trends in sales promotion.
Date posted:
October 1, 2017
.
Answers (1)
-
List four factors that may limit the growth of a country’s national income.
(Solved)
List four factors that may limit the growth of a country’s national income.
Date posted:
October 1, 2017
.
Answers (1)
-
Outline four things a business need to know about their competitors.
(Solved)
Outline four things a business need to know about their competitors.
Date posted:
October 1, 2017
.
Answers (1)
-
Highlight four reasons why the use of rail transport is not well developed in Kenya.
(Solved)
Highlight four reasons why the use of rail transport is not well developed in Kenya.
Date posted:
October 1, 2017
.
Answers (1)
-
State four problems that are experienced by consumers when firms become monopolies.
(Solved)
State four problems that are experienced by consumers when firms become monopolies.
Date posted:
October 1, 2017
.
Answers (1)
-
Highlight four ways in which individuals consumers can protect themselves.
(Solved)
Highlight four ways in which individuals consumers can protect themselves.
Date posted:
October 1, 2017
.
Answers (1)