February 2025

POSB Bank

By |2025-02-12T09:37:00+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

ZIMSEC O Level Commerce Notes: Money and Banking: POSB Bank.

Post Office Savings Banks

  • People’s Own Savings Bank.

Functions

  • It accept deposits from individuals and companies.
  • It operates savings accounts which earn tax free interest.
  • It operates stop order facilities for clients.
  • It lends money to large organisations for example Discount Houses.
  • It invests money into Treasury Bills and municipal stocks.

    • […]

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The clearing of cheques

By |2025-02-12T09:15:11+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes, Principles of Accounts Notes|

Image credit dailymail.co.uk Image credit dailymail.co.uk ZIMSEC O Level Commerce Notes: Money and Banking: The clearing of Cheques.

  • There are three ways and circumstances in which a cheque may be cleared.

If the payee and drawer use the same bank and branch

  1. The payee deposits the cheque into his/her account.
  2. The payee is credited […]
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Containerisation

By |2025-02-12T09:29:46+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes, Transport|

Maersk Container ship. Image credit fleetmon.com Maersk Container ship. Image credit fleetmon.com ZIMSEC O Level Commerce Notes: Transport: Containerisation

Containerisation

  • Refers to the carriage of goods in standardised large containers (boxes) made of metal.
  • The containers are:
  • filled with goods ready for transportation.
  • They are sealed in the presence of custom officials at the point […]
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Radio paging, tele messages and Prestel

By |2025-02-12T08:56:18+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

A radio pager. Image credit MediaWiki A radio pager. Image credit MediaWiki ZIMSEC O Level Commerce Notes: Communication: Radio paging, tele messages and Prestel

Radio paging

  • Is a one way communication system.
  • Is an internal means of communication.
  • I used by people in an organisation only.
  • Is hired from the post office.
  • A public address system […]
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Methods used to correct an unfavourable Balance of Payment

By |2025-02-12T09:24:40+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

South African border post. Image credit drivesouthafrica.co.za South African border post. Image credit drivesouthafrica.co.za ZIMSEC O Level Commerce Notes: Methods used to correct an unfavourable Balance of Payment

Methods and ways of correcting an unfavourable balance of payments.

  • The government of Zimbabwe may use the following ways to correct its BOP if its unfavourable […]
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