Chapter Two
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I. Decide whether the following statements are true or fal.
1.Under non-trade ttlement, the most common means to carry funds are cash, traveler’s check, traveler’s letter of credit and credit card. ( )
2.Nostro account is an account (due to account) held by a bank on behalf of a correspondent bank. ( )
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3.Bills of exchange were created in the sixteenth century. ( )
4.The authorized signatures are ud for authentication of the messages, letters, remittances, letters of credit, etc .addresd by the bank to its correspondent bank.( )夏日之梦
5.From an American bank’s view, a Nostro account is a dollar account held for its overas correspondents. ( )
II.Choo the best answer to each of the following statements.
1.From the point of view of a Chine bank, ______is our bank’s account in the books of an overas bank , denominated in foreign currency.
A. a vostro account B. a nostro account
C. a mirror account D. a record account
2. There are four main methods of curing payment in international trade: ⑴payment under documentary credit; ⑵ open account; ⑶ collection; ⑷ payment in advance. From an exporter’s point of view, the order of preference is_______ .
A. ⑴, ⑵, ⑶ ,⑷ B. 事业单位报考时间⑷, ⑶, ⑴, ⑵
C. ⑷, ⑴, ⑶, ⑵ D. ⑵, ⑷, ⑴, ⑶
3. The documentary collection provides the ller with a greater degree of protection than shipping on ______.
A. documentary credit B. banker’s letter of guarantee
C. banker’s draft D. open account
4. An exporter lls goods to a customer abroad on FOB and on CIF terms, Who is responsible for the freight charges in each?________.
A. Importer, exporter B. Exporter, importer
C. Importer, importer D. Exporter, exporter
5. Foreign trade can be conducted on the following terms except for _________.
A. open account B. documentary collection
C. documentary credit D. public bonds
6. A bank gets to know its exact position of funds by _________.
A. reflecting the credit balance
B. examining the mirror account
C. consulting a foreign bank
D. checking the nostro account
7. If bank of China instructs Bank of America to pay a sum of US $ 1,000,000.00 to Midland, its nostro account will be _________.
A. credited B. debited C. incread D. decread
8. Statements of balance of international payment don’t include:
A. current account B. capital account
C. balancing account D. visible account
9. Cash ttlement is effected by shipping ______ taking the form of coins, bars or bullions.
A. precious metals B. gold
C. silver D. notes
10. International cash ttlement has the following disadvantages except _______ .
A. expensive B. safe
C. risky D. time-consuming
Chapter Three
I.Decide whether the following statements are true or fal.
1.In a promissory note, the drawer and the payer are the same person. ( )
2.A promissory note is an unconditional order in writing. ( )
山西三支一扶3.There is no acceptor in a promissory note.( )
4.A bank draft is a check drawn by one bank on another.好看的网名 ( )
5.A trade bill is usually a documentary bill. ( )
6.The interest in the bill of exchange can only be transferred by endorment. ( )
7.An endorr of a bill is liable on it to subquent endorrs and holders of the bill. 天组词语有哪些( )
8. The person who draws the bill is called the drawer.( )
9. Bills of exchange drawn by and accepted by commercial firms are known as trade bills. ( )
10. Trade bills are usually documentary bills.给女朋友写的情书 ( )
11. Endorments are needed when checks in favor of a sole payee are credited to a joint account. ( )
12. An open check can be paid into a bank account. ( )
13. An open check can be cashed over the counter. ( )
14. A crosd check can be cashed over the counter. ( )
15. The payment of a check cannot depend upon certain conditions being met. ( )
