A terms of payment in which the buyer pays cash immediately for goods bought before he takes them away is called?

By: |Published on: Jan 8|Categories: Commerce WAEC| 0 comments

A. Prompt cash
B. Cash on delivery
C. Spot cash
D. Cash with order

Correct Answer: Option C

C. Spot cash

Explanation

A spot price is a price that is the current price and at which the instant delivery takes place. Spot payment or price is the same as the market price.

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