Risk of payment or bad debts is overcome by which mode of payment in Mail Order Trading House?

7. Risk of payment or bad debts is overcome by which mode of payment in Mail Order Trading House?

  1. National Electronic Funds Transfer
  2. Real-Time Gross Settlement
  3. Value Payable Parcel
  4. Demand Draft

Answer: C) Value Payable Parcel

Explanation:

The risk of payment or bad debts is overcome by using Value Payable Parcel in Mail Order Trading House so that if the customer places an order for a certain good by post to the seller, then the product is sent through Value Payable Post to overcome the risk of payment.

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