國(guó)際結(jié)算英文選擇題附答案

1、1. To the exporter, the fastest and safest method of settlement is ( BA. letter of credit B. cash in advance C. open account D. banker draft2. To the importer, the most favorable method of settlement is ( C ) of credit B. cash in advance C. open account D. collection3. Which of the following payment

2、 method is based on commercial credit( of credit guarantee C. collection D. standby credit4. 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; importerC. importer; importer D. exporter; exp

3、orter5. International cash settlement has the following disadvantages exceptA. expensive B. safe C. risky D. time-consuming6. CHIPS is the electronic clearing system for ( B )B. USD D. EUR7. CHAPS is the electronic clearing system for ( A )B. USD D. EUR8. BOJ-NET is the electronic clearing system fo

4、r ( D )A. USD B. GBP9. TARGET is the electronic clearing system for ( C )A. USD B. GBP10. CHATS is the electronic clearing system for ( D )A. USD B. GBP11. 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 accountC. a c

5、urrent account home currency account12. From a Chinese bank 's point of view , the current account maintainedby a foreign bank with him is known asnostro accountvostro accountcurrent accountforeign currency account13. Internationaltrade settlement methods are used to complete the money transfer

6、aroused by ( A)A. goods transactions B. services supplyC. security investment D. investment incomes14. Documentary credit business is subject to ( A )A. UCP600 522 C. URDG758 D. ISP9815. Collection business is subject to ( B )A. UCP600 522 C. URDG758 D. ISP9816. Standby credit business is subject to

7、 ( D )A. UCP600 522 C. URDG758 D. ISP98 of guarantee business is subject to ( C )A. UCP600 522 C. URDG758 D. ISP9818. London is the clearing centre for ( B )A. USD B. GBP19. New York is the clearing centre for ( A )A. USD B. GBP20. Tokyo is the clearing centre for ( D )A. USD B. GBP21. Frankfurt is

8、the clearing centre for ( C )A. USD B. GBP the following documents, the one which is not regarded as control documentsis ( D )A. authorized signaturesB. test keysC. schedule of terms and conditions D. correspondent arrangement23. The seller should arrange for the insurance of the goods transportatio

9、n under ( C )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 crossing25. 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.

10、named person26. If the bill is payable “60 days after date ”, the date of payment isdecided according toC ）A. the date of acceptance B. the date of presentationC. the date of issuance D. the date of maturity27. The party to whom the bill is addressed is called theA. drawer B. drawee C. holder D. pay

11、ee28. 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. drawer29. The （ C ） of a promissory note assumes the prime liability to make payment of the note.A. holder B. drawee C. maker D. acceptor30.

12、The bill which must be presented for acceptance isA. the bill payable at xx days after date B. the bill payable xx days after sightC. the bill payable on a fixed date D. the bill payable at sight31. In order to retain the liabilities of the other parties, a bill thathas been dishonored must beA. pro

13、testedB. given to the acceptorC. retained in the files D. presented to a bank32. （ C ）is not a holder of a billA. Payee B. Endorsee C. Drawer D. Bearer33. Which of the following is a relative essential item of a billA. amount B. tenor C. payee D. drawee34. An endorsement ,which prohibits the further

14、 negotiation of theinstrument ,is calledD ) endorsement .A. qualified B. general C. specific D. restrictive35. A check is aD ) draft drawn on a bankA. time C. direct D. demand 36. The act which is never involved in promissory note business is ( C )37. The act which is never involved in check busines

15、s is38. The acceptor of a bill is the person who originally named as ( B )of the bill.A. drawer B. drawee39. The first holder of a bill is the ( C ) of the billA. drawer B. drawee40. Among the following crossed cheques, the one which contains the words ( D ) is a special crossed cheque.A. banker B.

16、not negotiable C. A/C payee D. Bank of China41. The meansof authenticating payment order in mail transfer is the ( D )A. SWIFT authentic key B. schedule of terms and conditionsC. test keyD. authorized signatures42. The means of authenticating payment order in telegraphic transfer isthe ( C )A. corre

17、spondent arrangement B. schedule of terms and conditionsC. test keyD. authorized signatures43. Which of the following is not a method of remittanceA. M/T B. T/T C. T/R D. D/D44. Open account as a payment method is usually used whens market conditionare sold under the seller are badly needed by the b

18、uyerare of special standards or special specificationsare sold under the buyers market condition45. If the reimbursement instruction written on the payment order isexpressed as in cover , we have credited your A/C with us', the A/Crelationship between the remitting bank and the paying bankmust b

19、e( A )A. the paying bank maintains an A/C with remitting bankB. the remitting bank maintains an A/C with paying bankC. both remitting bank and paying bank maintain their A/Cs with a thirdbankD. remitting bank and paying bank have their A/Cs with two different banks46. If the reimbursement instructio

20、n written on the payment order isexpressed as in cover, please debit our A/C with you', the A/Crelationship between the remitting bank and the paying bank must be( B )A. the paying bank maintains an A/C with remitting bankB. the remitting bank maintains an A/C with paying bankC. both remitting b

21、ank and paying bank maintain their A/Cs with a thirdbankD. remitting bank and paying bank have their A/Cs with two different47. If the reimbursement instruction written on the payment order is expressed as in cover, we have authorized Bank A to debit our A/C andcredit your A/C with them', the A/

22、C relationship between the remitting bank and the paying bank must be( C )A. the paying bank maintains an A/C with remitting bankB. the remitting bank maintains an A/C with paying bankC. both remitting bank and paying bank maintain their A/Cs with a thirdbankD. remitting bank and paying bank have th

23、eir A/Cs with two differentbanksbanks48. 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 pa

24、ying bank maintains an A/C with remitting bankB. the remitting bank maintains an A/C with paying bankC. both remitting bank and paying bank maintain their A/Cs with a thirdbankD. remitting bank and paying bank have their A/Cs with two different banks49. It will be more convenient if the collecting b

25、ank appointed by the sellerA. is a large bankB. is the remitting bank' s correspondent in the place of the importerC. is in the exporters countryD. acts on the importers instructions50. Under D/P, the documents will not be delivered to the buyer untilA. the goods have arrivedB. the documents hav

26、e arrivedC. the documents are presented to the buyerD. 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 arrivedB. the documents have arrivedC. the documents are presented to the buyerD. the bill is accepted by the buyer 52. In

27、 collection business, banks are obligated to check the documents received to see thatA. they are authenticB. they are regularC. they are the same as those listed in the collection instructionD. they are in the right form 53. A bill of exchange which is accompanied by shipping documents is known as （

28、 B ）A. a clean billB. a documentary billC. a clean collectionD. a documentary collectionC ） for collection54. In documentary collection, after the goods have been shipped, the exporter presents the documents toA. the collecting bankB. the reimbursing bankC. the remitting bankD. the opening bank55. W

29、hich of the following is not the obligation of remitting bank in collection （ D ）A. to complete a collection order strictly according to the principal instructions.B. to perform following all the instructions given by the principal.C. to keep the documents wellD. to examine the contents of documents

30、 in detail56. Which of the following is not the obligation of the collecting bankverify the authenticity of the collection orderB. to take care of goods release documents strictly on the delivery terms of documents.perform following all the instructions given by the remitting bank.collection busines

31、s, 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 isA. seller B. buyer C. remitting bank D. collecting bank 59. If the collection instruction given by the principal specifies th

32、at 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 price term which is more favorable to

33、the seller under collection isA. EXW B. FOB C. CFR D. CIF61. In L/C business , the exporter can receive the payment only when ( C )A. he has shipped the goodshas presented the documentsdocuments presented constitute a complying presentationimporter has taken delivery of the goods.62. In L/C business

34、, the issuing bank can refuse to pay the credit amount when ( C )applicant prevents him from making payment' t presented.goods are not the same as those stipulated in the sales contractkind of document required by L/C isnof the applicant 's account is not enough for payment .63. Of the follo

35、wing kinds of L/C, ( B )is the L/C which requires no drafts at all.payment creditpayment creditcreditcredit64. Of the following kinds of L/C, ( C ) is the L/C in which drafts are always required.payment creditpayment creditcreditcredit65. Of the following kinds of L/C, ( D ) is the L/C which is espe

36、cially suitable for use to settle the payment of trade conducted through a middleman.creditcreditcreditto back credit66. 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 creditB. reciproca

37、l creditC. revolving creditcredit 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.creditcreditcreditto back credit the following kinds of L/C, ( B )

38、is the L/C which is especially suitable for use to settle the payment under counter trade.creditcreditcreditto back credit69. Confirmation of a credit may be given by ( B )A. the beneficiary at the request of the importerB. the advising bank at the request of the issuing bankC. the advising bank aft

39、er the receipt of correct documentationD. the issuing bank after the receipt of correct documentation70. The credit may only be confirmed if it is so authorized or allowed byA. the issuing bankB. the supplierC. the advising bankD. the beneficiary71. The second beneficiary of a transferable letter of

40、 credit is theA. middlemanB. transferring bankC. the applicant of the transferred creditD. real supplier of the goods72. The first beneficiary of a transferable letter of credit is the ( A )A. middlemanB. transferring bankC. the applicant of the transferred creditD. real supplier of the goods73. The

41、 red clause credit is often used as a method of ( B )A. providing the buyer with funds prior to shipmentB. providing the seller with funds prior to shipmentC. providing the buyer with funds after shipmentD. providing the seller with funds after shipment74. An applicant must reimburse an issuing bank

42、 unless he finds thatA. goods are defectiveB. goods are not as ordered in the sales contractC. documents received do not allow him to clear the goods through customsD. documents do not conform on the face to the terms and conditions of the credit75. Application for any amendment to a letter of credi

43、t should be given to the issuing bank by ( A )A. the applicantB. the beneficiaryC. the advising bankD. the nominated bank76. The message type which is used to send a amendment notice of a documentary credit through SWIFT is numbered ( C )A. 700 B. 705 C. 707 D. 710all the financial methodsmentioned

44、bellow , which method provides funds without recourse ( C )A. packing loansB. bill discountingC. forfaitingD. borrowing docs against T/R letter of credit, the primary debtor is the( C )A. applicant B. importer C. issuing bank D. nominated bank 79. The applicant of letter of credit is ( B )s bank D.

45、thes bank D. theA. the exporter B. the importer C. the exporterimporter 's bank80. The beneficiary of letter of credit is ( A )A. the exporter B. the importer C. the exporterimporter 's bankletter of credit which is expired on Oct. 1, 2008 specifies that “documentsmust be presented within 15

46、days after the on board date of bill of lading ”If the on board date of bill of lading is Sep. 10,2008, the latest date of presentation must be ( B )A. Sep. 24 ,2008 B. Sep. 25 ,2008 C. Sep. 26 ,2008 D. Oct. 1, 200882. If there is no indication in the credit of the insurance coverage required, the a

47、mount of insurance coverage must be at least ( C ) of theCIF or CIP value of the goods.A. 100% % C. 110% %83. Which of the following actions performed by the nominated bank is not regard as the action of honor( D )A. to pay at sight under sight payment creditB. to incur a deferred payment undertaking and pay at maturity underdeferredpayment creditC. to accept the draft and pay at maturity under acceptance creditD. to