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Business Services
Question
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What do you mean by real time ?

Answer

Real time mean payment transaction is not made or staggered subjecting the transaction for any waiting period.

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Some More Questions From Business Services Chapter

What do you mean by Public Warehouse ?

What is meant by cold storage houses ?

Explain any three considerations which a business firm should take into account for choosing a suitable mode of transport.

Under the principle of subrogation, why does the right of ownership of damaged property pass on to the insurer after the compensation has been paid to the insured ?

How does the insurance distribute the loss ?

What do you mean by specialised banks ? Give three examples of specialised banks.

Write down the types of postal services.

Name the services included in postal services.

Write down the non-banking services of postal services.

Distinguish between inland mail and international mail.