Which payment method is commonly used by people who do not have a checking account?

• A. Installment plan
• B. Money order
• C. Payor
• D. Remission

Answer: (B)

A money order works for people who don’t have a checking account because it’s a prepaid way to pay that doesn’t require a bank account. You can buy one with cash at many places—grocery stores, post offices, or convenience stores—and then use it to pay a bill or send money. It’s safer than carrying cash and, since the funds are prepaid, the recipient can cash or deposit it without waiting for a check to clear.

Other options don’t fit as well. An installment plan is about paying over time rather than serving as a payment method you can use immediately. A payer refers to the person who pays, not a way to make a payment. Remission isn’t a payment method at all; it relates to waiving or reducing a debt.