International Settlement Test 1
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I. . Decide whether the following statements are true or fal. (20%)
1. When a check is crosd, it can be pay into a bank account and be cashed over the counter. ( )
2. If a credit is issued by telegraph, it ought to be authenticated by specimen of authorized signatures.( )
3. When discounting, a time bill should already be accepted and not yet fallen due. ( )
4. From Bank of America New York’s view, a vostro account is a dollar account held for its overas correspondents. ( )
5.Nostro account is an account held by a bank on behalf of a correspondent bank.( )
6.The authorized signatures are ud for the authentication of the messages, letters, remittances, letter of credit, ect., addresd by the bank to its correspondent bank.( )
7.If the reimburment says: “ In cover, we have credited the sum to your account with us.” That means the balance of “Your account” incread. ( )
8. When lecting the contract currency, the importer prefers soft currency.( )
英文翻译
9. A promissory note is an unconditional order in writing. ( )
风向标的意思10.A bill shows : Pay to ABC Co. providing the goods in compliance with contract No. 123 the sum of one thousand US dollars. It is acceptable. ( )
负担英语11.A bill shows: Pay to ABC Co. out of proceeds of sale of woolen blankets the sum of one thousand US dollars. It is unacceptable. ( )
12. Drawer in a bill of exchange is always the prime liability. ( )
13.If a bill is payable “ at 30 days after date” , the date of payment is decided according to
the date of acceptance. ( )
14. A bill payable “ at 90 days sight” is a sight bill. ( )
15. A sight bill should be prented for acceptance. ( )
16. An endorr of a bill is liable on it to subquent endorrs and holders of the bill. ( )
17. If a bill shows “Pay to the order of A Co. the sum of five thousand US dollars plus interest.”, the bill is acceptable but the clau is unacceptable. ( ).
18. A bill is discharged by payment in due cour only when such payment is made by or on behalf of the drawee or the acceptor. ( )
pack19. Anytime, the holder has the right of recour against the other parties. ( )
20. Discounting means to ll a time bill already accepted by the drawee but not yet fallen due to a financial institution at price equal to its face value. ( )
II. Choo the best answer(s) to each of the following question. (30%)
1.When lecting a bank as a correspondent bank, what factors should be taken into account?
A. The reputation of the bank; B. Size of the bank;
C. Location of the bank; D. Services offered by the bank;
E. Fundamental policies and strength of the bank;
2. A ( ) must be accepted by the drawee before payment.
A. sight bill B. bill payable at XX days after sight
C. promissory note D. bill payable on demand E. check
3. A(n) ( ) is a financial instrument.
A. bill of exchange B. bill of lading 老爸老妈浪漫史第九季
C. insurance policy D. promissory note E. certificate of origin
4. In order to retain the liabilities of the other parities, a bill that has been dishonored must be ( ).leprosy
衣服要怎么搭配A. protested B. given a notice of dishonor
C. retained in the files D. prented to the advising bank E. cancelled
5. In the event of a draft being dishonored, the holder has a right of recour against the ( ).
A. drawer B. drawee C. payer D. payee E. acceptor
F. holder G. guarantee H. endorr I. endore
6.In correspondent banking, control documents include ( )
A. Lists of specimen of authorized signatures B.Telegraphic test keys
C.Terms and conditions D. SWIFT authentic key
7. The basic party in a bill of exchange are ( )
A. marker B. drawer C. drawee D. payee
新编大学英语8. When the bill shows ( ) is negotiable.
A. “ Pay to David Only” B. “ Pay to David”烤鸭英语
C. “Pay to David or order当然翻译” D. “Pay to bearer”
9. “Payee J. Smith endord James Smith pay to L. Green”, this is a ( ) endorment.
A. Special B. Blank C. General D. Restrictive
10. The effect of a blank endorment is to make the check payable to the ( )
A. order of a specified person B. Specified Person
