ECONOMICS (CBSE/UGC NET)

ECONOMICS

OPPORTUNITY COST

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
All of the following are ways to pay someone EXCEPT-
A
trade
B
money
C
read
D
taxes
Explanation: 

Detailed explanation-1: -Option c is the correct answer. Bill of lading is not a method of settling payment in the case of international trade.

Detailed explanation-2: -A payment can be made in the form of cash, check, wire transfer, credit card, or debit card. More modern methods of payment types leverage the Internet and digital platforms.

Detailed explanation-3: -Cash. Checks. Debit cards. Credit cards. Mobile payments. Electronic bank transfers. 09-Jan-2023

Detailed explanation-4: -Cash (bills and change): Cash is one of the most common ways to pay for purchases. Personal Cheque (US check): These are ordered through the buyer’s account. Debit Card: Paying with a debit card takes the money directly out of the buyer’s account. Credit Card: Credit cards look like debit cards.

There is 1 question to complete.