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

Y

D. EUR

7. CHAPS is the electronic clearing system for ( A )

A.GBP

B. USD

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