国际结算英文选择题90(附问题详解)
1. To the exporter, the fastest and safest method of settlement is ( B )
A. letter of credit
B. cash in advance
C. open account
D. banker’s draft
2. To the importer, the most favorable method of settlement is ( C )
A.letter of credit
B. cash in advance
C. open account
D. collection
3. Which of the following payment method is based on commercial credit?( C )
A.letter of credit
B.bank guarantee
C. collection
D. standby credit
4. An exporter sells goods to a customer abroad on FOB and on CIF terms, who is responsible for the freight charges in each? ( A )
A. importer; exporter
B. exporter; importer
C. importer; importer
D. exporter; exporter
5. International cash settlement has the following disadvantages except ( B )
A. expensive
B. safe
C. risky
D. time-consuming
6. CHIPS is the electronic clearing system for ( B )
A.GBP
B. USD
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D. EUR
7. CHAPS is the electronic clearing system for ( A )
A.GBP
B. USD
https://www.wendangku.net/doc/3b18126417.html,Y
D. EUR
8. BOJ-NET is the electronic clearing system for ( D )
A. USD
B. GBP
C.EUR
D.JPY
9. TARGET is the electronic clearing system for ( C )
A. USD
B. GBP
C.EUR
D.JPY
10. CHATS is the electronic clearing system for ( D )
A. USD
B. GBP
C.EUR
D.HKD
11. From a Chinese bank’s point of view , the current account it maintains abroad is known as ( A )
A. a nostro account
B. a vostro account
C. a current account
D.a home currency account
12. From a Chinese bank’s point of view , the current account maintained by a foreign bank with him is known as （B ）
A.a nostro account
B.a vostro account
C.a current account
D.a foreign currency account
13. International trade settlement methods are used to complete the money transfer aroused by ( A)
A. goods transactions
B.s supply
C. security investment
D. investment incomes
14. Documentary credit business is subject to ( A )
A. UCP600
B.URC522
C. URDG758
D. ISP98
15. Collection business is subject to ( B )
A. UCP600
B.URC522
C. URDG758
D. ISP98
16. Standby credit business is subject to ( D )
A. UCP600
B.URC522
C. URDG758
D. ISP98
17.Letter of guarantee business is subject to ( C )
A. UCP600
B.URC522
C. URDG758
D. ISP98
18. London is the clearing centre for ( B )
A. USD
B. GBP
C.EUR
D.HKD
19. New York is the clearing centre for ( A )
A. USD
B. GBP
C.EUR
D.HKD
20. Tokyo is the clearing centre for ( D )
A. USD
B. GBP
C.EUR
D.JPY
21. Frankfurt is the clearing centre for ( C )
A. USD
B. GBP
C.EUR
D.HKD
22.Among the following documents, the one which is not regarded as control documents is ( D )
A. authorized signatures
B. test keys
C. schedule of terms and conditions
D. correspondent arrangement
23. The seller should arrange for the insurance of the goods transportation under ( C )
A.FOB
B.CFR
C.CIF
D.EXW
24.（ A ） cheque can be cashed over the counter of paying bank.
A. An open
B. A crossed
C. A general crossing
D. A special crossing
25. The effect of a blank endorsement is to make a negotiable instrument payable to the （ C ）
A. specified person B, order of a specified person C. bearer D. named person
26. If the bill is payable “60 days after date”, the date of payment is decided according to （ C ）
A. the date of acceptance
B. the date of presentation
C. the date of issuance
D. the date of maturity
27. The party to whom the bill is addressed is called the（ B ）
A. drawer
B. drawee
C. holder
D. payee
28. When financing is without recourse, this means that the bank has no recourse to the （ D ）if such drafts are dishonored.
A. payer
B. drawee
C. acceptor
D. drawer
29. The（ C ） of a promissory note assumes the prime liability to make payment of the note.
A. holder
B. drawee
C. maker
D. acceptor
30. The bill which must be presented for acceptance is （ B ）
A. the bill payable at xx days after date
B. the bill payable xx days after sight
C. the bill payable on a fixed date
D. the bill payable at sight
31. In order to retain the liabilities of the other parties, a bill that has been dishonored must be （ A ）
A. protested
B. given to the acceptor
C. retained in the files
D. presented to a bank
32.（ C ）is not a holder of a bill
A. Payee
B. Endorsee
C. Drawer
D. Bearer
33. Which of the following is a relative essential item of a bill ?（ B ）
A. amount
B. tenor
C. payee
D. drawee
34. An endorsement ,which prohibits the further negotiation of the instrument ,is called （ D ）endorsement .
A. qualified
B. general
C. specific
D. restrictive
35. A check is a （ D ）draft drawn on a bank
A. time
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C. direct
D. demand
36. The act which is never involved in promissory note business is （ C ）
A.endorsement
B.dishonor
C.acceptance
D.presentation
37. The act which is never involved in check business is （ C ）
A.endorsement
B.dishonor
C.acceptance
D.presentation
38. The acceptor of a bill is the person who originally named as ( B )
of the bill.
A. drawer
B. drawee
C.payee
D.endorser
39. The first holder of a bill is the ( C ) of the bill
A. drawer
B. drawee
C.payee
D.acceptor
40. Among the following crossed cheques, the one which contains the words ( D ) is a special crossed cheque.
A. banker
B. not negotiable
C. A/C payee
D. Bank of China
41. The means of authenticating payment order in mail transfer is the （ D ）
A. SWIFT authentic key
B. schedule of terms and conditions
C. test key
D. authorized signatures
42. The means of authenticating payment order in telegraphic transfer is the（ C ）
A. correspondent arrangement
B. schedule of terms and conditions
C. test key
D. authorized signatures
43. Which of the following is not a method of remittance? （ C ）
A. M/T
B. T/T
C. T/R
D. D/D
44. Open account as a payment method is usually used when （ D ）
A.goods are sold under the seller’s market condition
B.goods are badly needed by the buyer
C.goods are of special standards or special specifications
D.goods are sold under the buyer’s market condition
45. If the reimbursement instruction written on the payment order is expressed as ‘in cover , we have credited your A/C with us’, the A/C relationship between the remitting bank and the paying bank must be( A )
A. the paying bank maintains an A/C with remitting bank
B. the remitting bank maintains an A/C with paying bank
C. both remitting bank and paying bank maintain their A/Cs with a third
bank
D. remitting bank and paying bank have their A/Cs with two different banks
46. If the reimbursement instruction written on the payment order is
expressed as ‘in cover, please debit our A/C with you’, the A/C relationship between the remitting bank and the paying bank must be( B )
A. the paying bank maintains an A/C with remitting bank
B. the remitting bank maintains an A/C with paying bank
C. both remitting bank and paying bank maintain their A/Cs with a third
bank
D. remitting bank and paying bank have their A/Cs with two different banks
47. If the reimbursement instruction written on the payment order is expressed as ‘in cover, we have authorized Bank A to debit our A/C and credit your A/C with them’, the A/C relationship between the remitting bank and the paying bank must be( C )
A. the paying bank maintains an A/C with remitting bank
B. the remitting bank maintains an A/C with paying bank
C. both remitting bank and paying bank maintain their A/Cs with a third
bank
D. remitting bank and paying bank have their A/Cs with two different banks
48. If the reimbursement instruction written on the payment order is expressed as ‘in cover, we have instructed Bank X to transfer the proceeds to your A/C with bank Y’, the A/C relationship between the remitting bank and the paying bank must be ( D )
A. the paying bank maintains an A/C with remitting bank
B. the remitting bank maintains an A/C with paying bank
C. both remitting bank and paying bank maintain their A/Cs with a third
bank
D. remitting bank and paying bank have their A/Cs with two different banks
49. It will be more convenient if the collecting bank appointed by the seller （ B ）
A. is a large bank
B. is the remitting bank’s correspondent in the place of the importer
C. is in the exporter’s country
D. acts on the importer’s instructions
50. Under D/P, the documents will not be delivered to the buyer until （ D ）
A. the goods have arrived
B. the documents have arrived
C. the documents are presented to the buyer
D. the bill is paid by the buyer
51. Under D/A, the documents will not be delivered to the buyer until （ D ）
A. the goods have arrived
B. the documents have arrived
C. the documents are presented to the buyer
D. the bill is accepted by the buyer
52. In collection business, banks are obligated to check the documents
received to see that （ C ）
A. they are authentic
B. they are regular
C. they are the same as those listed in the collection instruction
D. they are in the right form
53. A bill of exchange which is accompanied by shipping documents is known as （ B ）
A. a clean bill
B. a documentary bill
C. a clean collection
D. a documentary collection
54. In documentary collection, after the goods have been shipped, the exporter presents the documents to （ C ）for collection
A. the collecting bank
B. the reimbursing bank
C. the remitting bank
D. the opening bank
55. Which of the following is not the obligation of remitting bank in collection ?（ D ）
A. to complete a collection order strictly according to the principal’s instructions.
B. to perform following all the instructions given by the principal.
C. to keep the documents well
D. to examine the contents of documents in detail
56. Which of the following is not the obligation of the collecting bank?（ B ）
A.to verify the authenticity of the collection order
B. to take care of goods
C.to release documents strictly on the delivery terms of documents.
D.to perform following all the instructions given by the remitting bank.
57.In collection business, the drawer of the draft for collection is ( A )
A. seller
B. buyer
C. remitting bank
D. collecting bank
58. In collection business, the drawee of the draft for collection is ( B )
A. seller
B. buyer
C. remitting bank
D. collecting bank
59. If the collection instruction given by the principal specifies that collection charges are to be borne by the drawee but with no express statement that they may not be waived, charges will be for the account of ( A ) providing the drawee refuses to pay them.
A. principal
B. remitting bank
C. collecting bank
D. presenting
bank
60.The price term which is more favorable to the seller under collection
is ( D )
A. EXW
B. FOB
C. CFR
D. CIF
61. In L/C business , the exporter can receive the payment only when ( C )
A. he has shipped the goods
B.he has presented the documents
C.the documents presented constitute a complying presentation
D.the importer has taken delivery of the goods.
62. In L/C business, the issuing bank can refuse to pay the credit amount when ( C )
A.the applicant prevents him from making payment
B.the goods are not the same as those stipulated in the sales contract
C.one kind of document required by L/C isn’t presented.
D.balance of the applicant’s account is not enough for payment .
63. Of the following kinds of L/C, ( B )is the L/C which requires no drafts at all.
A.sight payment credit
B.deferred payment credit
C.acceptance credit
D.negotiation credit
64. Of the following kinds of L/C, ( C ) is the L/C in which drafts are always required.
A.sight payment credit
B.deferred payment credit
C.acceptance credit
D.negotiation credit
65. Of the following kinds of L/C, ( D ) is the L/C which is especially suitable for use to settle the payment of trade conducted through a middleman.
A.non-transferable credit
B.reciprocal credit
C.revolving credit
D.back to back credit
66. Of the following kinds of L/C, ( A )is the L/C which is especially suitable for use to settle the payment of trade conducted through a middleman.
A. transferable credit
B. reciprocal credit
C. revolving credit
D.confirmed credit
67 Of the following kinds of L/C, ( C ) is the L/C which is especially suitable for use to settle the payment under a long term contract covering goods to be transported by regular partial shipments.
A.non-transferable credit
B.reciprocal credit
C.revolving credit