TUTORIAL 7

Tutorial 7

Section A. 2 marks each.

1. List two (2) types of remittances.

2. State one (1) difference between cashier’s order and demand draft.

3. Give one (1) usage of standing instructions.

Section B.

1. Describe four (4) features of demand draft.  8 marks

2. Differentiate between telegraphic transfer and mail transfer.  4 marks

3. Identify two (2) advantages of using telegraphic transfer in remitting money.   4marks.

Please submit this tutorial to my room after the lesson finished.

Thanks you...