国际结算复习提纲

国际结算期末复习要点

一、选择题

(1) SWIFT is _____ B ____________

A. in the United States

B. a kind of communications belonging to TT system for interban'ks fund transfer

C. an institution of the United Nations

D. a governmental organization

(2) Fund transfers are processed and settlement through ____ C _______

A. banks

B. SWIFT

C. Clearing system

D. telecommunication systems

(3) An additional risk borne by the seller when granting a credit to the buyer is that the later will not

D ___________

A. accept the bill

B. take up the documents

C. take delivery

D. make payment at maturity

(4) To the importer, the fastest and safest method of settlement is ____ C ___

A. letter of credit

B. cash in advance

C. open account

D. banker's draft

(5) ____ A ______ refers to an exchange of services or assets between countries.

A. Invisible trade

B. visible trade

C. International trade

D. Balance of trade

(6) From the point of view of a Chinesebank, ___B___is our bank'asccount in the books of an overseas bank , denominated in foreign currency.

A. a vostro account

B. a nostro account

C. a mirror account

D. a record account

(7) 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 comply with he credit terms

D. the importer has taken delivery of the goods

(8) The person paying the money is a ____ of a check.

A. payee

B. endorser

C. drawer

D. endorsee

(9) If a bill is payable “ 60 days after date ”, the date of payment is decided according to ____ .

A. the date of acceptance

B. the date of presentation

C. the date of the bill

D. the date of maturity

(10) A(n) ______ is a financial document.

A. bill of lading

B. bill of exchange

C. insurance policy

D. commercial invoice

(11) Each country has to earn _________ to pay for imports.

A. money

B. foreign exchange

C. cash

D. currency

(12) A time bill may be accepted by _________

A. drawer

B. drawee

C. holder

D. endorser

(13) ________ is drawn by the exporter and sent to the buyer.

A. Draft

B. Promissory note

C. I. O. U

D. Check

(14) Large payments should be made by ________

A. TT

B. SWIFT

C. MT

D. A or B

(15) Mail tran sfer are sent to the corresp ondent bank _______ , uni ess other wise in structed by clie nts.

A. by courier service

B. by ordinary mail

C. by airmail

D. by seamail

(16) The only means of authenticating a cable transfer is the ___ .

A. SWIFT authe ntic key

B. payme nt order

key D. authorized sig natures

(17) Which type of collection offers the greatest security to the exporter

A. Docume nts aga inst accepta nee

B. Docume nts aga inst payme nt

C. Clea n collectio n

D. Accepta nee D/P

(18) Con firmati on of a credit may be give n by .

A. the ben eficiary at the request of the importer

B. the issu ing bank after the receipt of correct docume ntati on

C. the advis ing bank after the receipt of correct docume ntatio n

D. the advis ing bank at the request of the issu ing bank

(19) _______ gives the ben eficiary double assura nee of payme nt.

A. The irrevocable credit

B. The revocable credit

C. The con firmed credit

D. The irrevocable con firmed credit

(20) The red clause credit is ofte n used as a method of .

A. providing the buyer with funds prior to shipment

B. providing the seller with funds prior to shipment

C. providing the buyer with funds after shipment

D. providing the seller with funds after shipment

(21) All the parties to a collection are bound by ___________

500 C

(22) To the exporter, the fastest and safest method of settleme nt is _______

A. letter of credit

B. adva nee payme nt

C. collect ion

D. ban ker'draft

(23) All guarantees should include the principle debtor, the ___________ and the guara ntor.

A. ben eficiary

B. creditor

C. mortgagee

D. le nder

(24) The docume nts will not be delivered to the buyer until _________ .

A. the goods have arrived

B. the bill is paid or accepted

C. the buyer has cleared the goods

D. both A and B

(25) When is a bill of lad ing issued ______

A. Whe n the shipper makes up the order

B. Whe n the carrier received the goods

C. Whe n the producer manu factures the goods

D. When the carrier delivers the goods to the con sig nee

(26) When a customer ask its bank to make a telegraphic tran sfer to a ben eficiary abroad, the charges may____________

A. be paid either the remitter or the remittee

B. be debited aga inst the no stro acco unt

C. be credited to the vostro acco unt

D. be paid by the remitting bank