Commerce WAEC

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

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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