assurance of payment. ( )
10. In a reciprocal credits, the advising bank itself gives a packing
loan to the beneficiary. ( )
11. If a credit is issued by airmail , it ought to be authenticated by test key .( ) 11. The issuing bank’s signature is only to be placed on the advice for the beneficiary .( )
Scores
1. Usually, foreign trade can be conducted on the following terms
except for _________.
A. open account
B. documentary collection
C. documentary credit
6. Under D/D, upon receipt of the draft, the beneficiary can ship the goods before he present it for payment at the counter of the drawee bank.
7. If the collecting bank is not located near the importer, it would send the documents to a presenting bank in the importer’s city mostly. 7. Under D/A, after acceptance, the buyer gains possession of
浙江林学院 2006 - 2007 学年第 二 学期考试卷 （A卷）
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题
课程名称： 国际结算（双语）课程类别： 必修 考试方式： 闭卷
注意事项：1、本试卷满分100分。 2、考试时间 120分钟。
Article no.
Ⅰ
Ⅶ
Ⅷ
Result Ⅰ
C. non acceptance
D. partial acceptance
4. _______must be accepted by the drawee before payment.
Scores
Teacher
Decide whether the following statements are true or false. Scores
(Please mark “T” if the answer is true, or you shall mark “F” if the answer is false. Each one 2 score, total 30 scores.)
B. bank draft
C. commercial bill
D. trade bill
4. An acceptance with the wording “payable on delivery of bill of
lading ” is ______.
A. a general acceptance B. qualified acceptance
12. Banks will not accept a document bearing a date lf issuance prior to that of the credit .( ) 12 . If the credit is a deferred payment credit, there is no need to draw a draft. ( )
1. From an American bank’s view, a Nostro account is a dollar account held for its overseas correspondents. ( ) 1. From a Chinese bank’s view, a Vostro Account or Due to
9. A transferable credit can be transferred only to one party and
all the terms and conditions cannot be changed while it is
transferred.
()
10. An irrevocable confirmed credit gives the beneficiary a double
13. Commercial invoice need not be signed.( ) 13. A clean bill of lading is one that is not stained.( )
14. When an issuing bank determines that a presentation is complying, it must honour. A credit must not be issued available by a draft drawn on the applicant.
2. There is no acceptor in a promissory note. ( )
3. A bill of exchange drawn by and accepted by commercial firms be known as trade bills. ( ) 3. An endorser of a bill is liable on it to subsequent endorsers and holders of the bill. ( )
A. payee B. endorser C. drawer D. endorsee
2. A check is valid for ______months from the date of issue, unless a
shorter period is
written on the face of it.
9. Under UCP600, Unless otherwise stipulated in the credit, a
transferable credit can be transferred only once and the issuing
bank can transfer a credit by itself. ( )
14. Negotiate, without recourse, if the credit is available by negotiation with the confirming bank.
15. A bank utilizing the services of an advising bank or second advising bank to advise a credit must use the same bank advise any amendment thereto.
4. A crossed check can be cashed over the counter. ( ) . If a check is presented undated, the payee can insert a date. ( )
5. If a bill is payable “at 30 days after date “, the date of payment is decided according to
D. public bonds
1. International cash settlement has the following disadvantages
except _______ .
A. expensive C. risky
B. safe D. time-consuming
2. The person who pay money is a ______ of a check.
the goods before payment and is able to dispose of the goods as he wishes .
8. Under documentary credit, the nominated bank has no obligation to examine documents. ( ) 8. Usually the advising bank is the bank resides in the same city as the buyer. ( )
the date of acceptance. ( ) 5. A bill payable “ at 90 days sight” is a sight bill.( )
6. Remittance happens when a client (payer) asks his bank to send a sum of money to a payee abroad by one of the transfer methods at his option. ( )
Ⅱ Choose the correct or best answer to each of the following statements. (Each only has a correct answer or best answer, mark your option on the line. 2 scores per sub-article, total 28 scores)