国际结算复习题1

复习题

一、选择题

1.To the importer, fastest and safest method of settlement is ( C ) A. letter of credit B. cash in advance C. open account D. collection

2.Settlement by documentary credit is fair to ( C )

A. the banks involved B. the trading companies concerned C. the shipping company D. all of the above

3.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 ( B )

A. Credited B. debited C. increased D. decreased

4.Statements of balance of international payment don’t include ( D ) A. current account B. capital account C. balancing account D. visible account

5.The person paying the money is a ___ of a check. ( C ) A. payee B. endorser C. drawer D. endorsee 6.____ must be accepted by the drawee before payment. ( B ) A. a sight bill B. a bill payable ×× days after sight C. promissory note D. a bill payable ×× days after date

7. If a London bank makes a payment to a correspondent abroad, ____ ( B ) A. it will remit the sum abroad B. the foreign bank’s vostro account will

be credited C. the London bank’s nonstro account will be credited D. either A or B

8. Which of the following is not a risk that the exporter assumes on documentary collection basis? ( B )

A. Non-acceptance of merchandise. B. Harm to the reputation due to dishonor C. Exchange restrictions

D. Non-payment of trade acceptance

9. A confirmed irrevocable letter of credit ( D ) A. carries the confirmation of the issuing bank B. always involves at least two banks C. is issued by the advising bank

D. creates the highest level of security against sovereign risk

10. The beneficiary of a transferred credit is ( D )

A. the paying/accepting/negotiating bank B. the shipper C. the middleman D. the actual supplier 11. In a letter of credit, the bank pays the seller for ( A ) A. documents which agrees with the credit B. merchandise which the buyer ordered C. merchandise which agrees with the contract D. documents which agree with the contract

12. The security arrangement of a credit may take the following forms except ( D )

A. margins B. line of credit C. third party guarantee D. protest 13. The bill of lading is evidence of ownership. It thus functions as a ( A ) A. title document B. negotiable instrument C. Receipt for goods D. contract for delivery

二、判断题

1. Settlement on commercial credit usually includes payment in advance; open account; remittance and collection.

2. Collection can be divided into documentary collection and clean collection. 3. To bank of China, a RMB account held by bank of England is called nonstro account.

3. The credit is legally quite independent of the sales contract.

4. The documents of the credit must comply with the terms and conditions of the

letter of credit on the one hand and they must be consistent with each other on the other hand.

三、判断题

1. Clean collection is collection for financial documents without commercial

documents being attached. ( √ )

2. From an American bank’s view, a nonstro account is a dollar account held

for its overseas correspondents. ( × )

3. An issuing bank must always reimburse the advising bank if the latter pays the credit. ( × )

5. A commercial invoice is a kind of title documents. ( × ) 四、名词解释

1. Sales contract

It is a written agreement that clearly states the rights and responsibilities of both parties to a transaction. 2. International payments and settlements

They 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. letter of credit

It is an undertaking issued by a bank for the account of the buyer (the applicant) or for its own account, to pay the beneficiary the value of the draft and/or documents provided that the terms and conditions of the documentary credit are complied with. 4. bill of lading

It is a document issued by a carrier to a shipper, signed by the captain,

agent, or owner of a vessel, providing written evidence regarding receipt of the goods, the conditions on which transportation is made, and the engagement to deliver goods at the prescribed port of destination to the lawful holder of the bill of lading. 五、简答题

1. Process of utilization under L/C

It refers to the procedure for the seller’s shipping of the goods, the transmission of documents from the seller to the buyer through the banks, and the transfer of the payment from the buyer to the beneficiary through the banks (settlement).

百度搜索“77cn”或“免费范文网”即可找到本站免费阅读全部范文。收藏本站方便下次阅读，免费范文网，提供经典小说教育文库国际结算复习题1在线全文阅读。