Chapter One1.Fill in the blanks to complete each sentence.(1)local legal system, political, exchange risks(2)open account, advance payment, remittance and collection(3)letter of credit, bank guarantee(4)price terms, delivery terms(5)least/minimum, most/maximum(6)advance payment(7)open account(8)clean collection, documentary collection2.略3.Translate the following terms into English.(1)settlement on bank credit(2)the potential for currency fluctuation(3)to dear the goods for export(4)to pay the insurance premium(5)to carry out export formalities(6)the major participants in international trade(7)the commodity inspection clause(8)to fulfill the obligation to deliver the goods(9)the goods have passed over the ship's rail(10)International contract is concluded in a completely different context than domestic ones4.Decide whether the following statements are true or false.⑴ F (2)F (3)T (4)T (5) T(6)T (7)F (8)T (9)T (10) F5.Choose the best answer to each of the following statements⑴・(5) BCCBD (6)-(10) DACCC(11)-(15) BDDCD (16)-(20) DCACDChapter Two1. Fill in the blanks to complete each sentence.(1)barter(2)medium of exchange(3)expensive, risky(4)our⑸ Vostro(6)vostro⑺ nostro(8) specimen of authorized signatures, telegraphic test keys, terms and conditions, Swift authentic keys2. Define the following terms(1)Correspondent relationship KA bank having direct connection or friendly service relations with another bank.』(2)International settlements [[International settlements are financial activities conducted among different countries in which payments are effected or funds are transferred from one country to another in order to settle accounts, debts, claims, etc. emerged in the course of political, economic or cultural contracts among them. 3(3)Visible trade [[The exchange of goods and commodities between the buyer and the seller across borders.2(4)Financial transaction [[International financial transaction covers foreign exchange market transactions^ government(3) ⑷⑸(6)(7)(8)(9)(10)(11)(12)(13)(14)[(restrictive endorsement]] Kdocumentary bill』Ksight draft』Kusance/term bill3 [[acceptance bill』supported export credits, syndicated loans, international bond issues, etc. 2(5). Vostro account K Vostro account is an account held by a bank on behalf of a correspondent bank.』3. Translate the following terms into English*(1)commercial credit(2)control documents(3)account relationship(4)cash settlement(5)financial intermediary(6)credit advice(7)agency arrangement(8)credit balance(9)reimbursement method(10)test key/code4. Decide whether the following statements are true or false.⑴ T (2) F (3) F (4) T (5) F5. Choose the best answer to each of the following statements⑴・(5) BCDAD (6)-(10) BBDABChapter Three1.Define the following Terms:(1)Negotiable instrument K “A negotiable instrument is a chose in action, the full and legal title to which is transferable by delivery of the instrument (possibly with the transferor^ endorsement) with the result that complete ownership of the instrument and all the property it represents passes free from equities to the transferee, providing the latter takes the instrument in good faith and for value.” 3(2)Bill of exchange KA bill of exchange is an unconditional order in writing, addressed by one person to another, signed by the person giving it, requiring the person to whom it is addressed to pay on demand, or at a fixed or determinable future time, a sum certain in money, to or to the order of a specified person, or to bearer. 3(3)Check KA check is an unconditional order in writing addressed by the customer to a bank signed by that customer authorizing the bank to pay on demand a specified sum of money to or to the order of a named person or to bearer. 3(4)Documentary bill Hit is a bill with shipping documents attached thereto. 3(5)Crossing KA crossing is in effect an instruction to the paying bank from the drawer or holder to pay the fund to a bank only. 32.Translate the following terms into English.(1)—般划线支票[[generally crossed check』⑵ 特殊划线支票Especially crossed check]] 过期支票£a check that is out of date3未到期支票Kpost dated check]] 大小写金额[[amount in words2 白背书Kblank endorsement]]特别背书K special endorsement 3 限制性背书跟单汇票即期汇票远期汇票承兑汇票可确定的未来某一天Kdeterminable future dateU 光票Kclean bill』汇款通知单remittance advice国际汇款单international money order 自动支付系统automated payment system 赔偿保证书letter of indemnity ⑵汇出汇款outward remittance(4)往来账户current account (6)作为偿付in cover(8)信汇通知书mail advice(15)流通票据[(negotiable instrument3(16)贴现行H discounting house 3(17)商人银行Kmerchant bank]](18)无条件的付款承诺Kunconditional promise of payment]](19)负连带责任[[jointly and severally responsible]](20)出票后90 天付款[[payable 90 days after date33.Decide whether the following statements are true or false.⑴T⑵F⑶T⑷T⑸T⑹F⑺T(8)T(9)T(10)T(11) F(12) T(13) T(14) F(15) T(16) T (17) T(18) F(19) F(20) F4. Choose the best answer to each of the following statements⑴・(5) CACBC (6)-(10) BACBB(11)-(15) BDCCC (16)-(20) BBAAC5-7略Chapter FourL Fill in the blanks to complete each sentence.(1)beneficiary(2)payment order / mail advice / debit advice(3)the remittance amount is large / the transfer of funds is subject to a time limit / test key(4)sell it to his own bank for crediting his account(5)debits / credits(6)demand draft(7)act of dishonor(8)swiftness / reliability / safety / inexpensiveness(9)debiting remitting bank's nostro account(10)delivery of the goods2.Define the following Terms.(1)International remittance means a client (payer) asks his bank to send a sum of money to a beneficiary abroad by one of the transfer methods at his option while the beneficiary can be paid at the designated bank which is either the remitting bank's overseas branch or its correspondent with a nostro account.(2)Remitting bank is the bank transferring funds at the request of a remitter to its correspondent or its branch in another country and instructing the latter to pay a certain amount of money to a beneficiary.(3)A mail transfer is to transfer funds by means of a payment order or a mail advice, or sometimes a debit advice issued by a remitting bank, at the request of the remitter(4)Demand draft transfer is a remittance method using a bank demand draft. It is a negotiable instrument drawn by one bank on its overseas branch or its correspondent abroad ordering the latter to pay on demand the stated amount to the holder of the draft.(5)Cancellation of the reimbursement under mail transfer or telegraphic transfer is usually done before its payment is made at the request of the remitter or the payee who refuses to receive the payment3.Translate the following terms into English.⑴(3)⑺商业承兑汇票trade acceptance (4)出 口押汇 export bill purchased (6)以寄售方式 on consignment 货运单据 shippingdocuments (1) (3) ⑸ ⑺(9) (8) (10)远期汇票 time/ tenor/term/ usance draft ⑼ 汇票的不可流通副本non-negotiable copy of draft(10)首期付款down payment4. Choose the best answer to each of the following statements⑴・(5) BCABD (6)-(10) BBBAAChapter Five1. Fill in the blanks to complete each sentence.(1) presenting bank(2) title documents / pays the draft / accepts the obligation to do so(3) legal / the exchange control authorities(4) the payment is made(5) open account / advance payment(6) Inward collection(7) . the remitting bank(8) trust receipt(9) D/P at sight(10) documents, draft, and collection order2. Define the following terms(1) Collection is an arrangement whereby the goods are shipped and a relevant bill of exchange is drawn by the seller on the buyer, and/or shipping documents are forwarded to the seller's bank with clear instructions for collection throughone of its correspondent banks located in the domicile of the buyer.(2) The case of need is the representative appointed by the principal to act as case of need in the event of non-acceptance and/or non-payment, whose power should be clearly and fully stated in the collection.(3) Documentary collection is a collection of financial instruments being accompanied by commercial documents orcollection of commercial documents without being accompanied by financial instruments, that is, commercial documents without a bill of exchange. Alternatively, the documentary collection is a payment mechanism that allows the exportersto retain ownership of the goods until they receive payment or are reasonably certain that they will receive it(4) Outward collection is a banking business in which a bank acting as the remitting bank sends the draft drawn against an export with or without shipping documents attached, to an appropriate overseas bank, namely, the collecting bank to get the payment or acceptance from the importer.(5) Collection bill purchased is a kind of financing by banks for exporters under documentary collection methods* Itmeans that the remitting bank purchases the documentary bill drawn by the exporter on the importer. It involves greatrisk for the remitting bank due to lack of a guarantee.3. Translate the following terms into English*承兑交单 acceptance against documents需要时的代理人case of need物权单据 title document直接托收 direct collection 付款交单 documents against payment4. Choose the best answer to each of the following statements⑴・(5) ABCAB (6)-(10) ACAADChapter Six1. Define the following terms:(1) Letter of credit £ The Documentary Credit or letter of credit is an undertaking issued by a bank for the account ofthe buyer (the applicant) or for its own account, to pay the beneficiary the value of the draft and/or documents providedthat the terms and conditions of the documentary credit are complied with. 2(2)Confirmed letter of credit K A credit that carries the commitment to pay by both the issuing bank and the advising bank. 3(3)Revolving credit KA credit by which, under the terms and conditions thereof, the amount is renewed or reinstated without specific amendments to the documentary credit being required. 2(4)Confirming bank KA bank, usually the advising bank, which adds its undertaking to those of the issuing bank and assumes liability under the credit 3(5)Applicant of the credit £The applicant is always an importer or a buyer, who fills out and signs an application form, requesting the bank to issue a credit in favor of an exporter or a seller abroad.]]2.Translate the following terms or sentences into English.⑴未授权保兑K silent confirmation 3⑵ 有效地点为开证行所在地的柜台Eto expire at the counters of the issuing bank 2(3)凭代表物权的单据付款Kto pay against documents representing the goodsU⑷ 信用证以银行信用代替了商业信用。