国际结算期末题库

A ：名词解释题 Define the following terms.B(1)：单项选择题 Choices. (There is only one correct/best answer to each question)B(2)：任意项选择题 Choices. (There is not only one correct/best answer to each question)C ：是非判断题 True or false.D(1)：一般填充题 Fill in blanks. D(2)：完形填充题 Cloze text.D(3)：选择填充题 To fill in the blanks in the following passage, choose the word or phrase given in the textbox above the passage, which best completes each of the sentences.E(1)：阅读简答题 Answer questions based on the given material. E(2)：问答题 Answer questions.F ：开放性论述题 Open discussion.G ：案例分析题 Case analysis.H ：实务操作题 Operation questions.A 35 InstrumentBill of exchangeSight bill / demand draftTerm bill / tenor bill / usance draft / time billTraders bill / trade billBankers bill / bank bill Bankers acceptance bill Traders acceptance bill Bankers acceptance trade bill Bearer billOrder billClean bill Documentary bill Acceptance General aceptance Qualified acceptance Promissory noteBankers note Traders note Check / chqueCrossing Crossed checkNon-crossed checkCash checkOpen checkCertified checkBearer checkOrder checkEndorsement Special endorsement Blank endorsement Dishonor Recourse Holder for valueHolder in due course / bona fide holderB(1)30 1. A cheque must be sighed by _.A. the drawer B. the draweeC. the payer D. the payee2. The person paying the money is a _ of a cheque.A. payee B. drawerC. endorser D. endorsee3. A cheque is valid for _ months from the date of issue, unless a shorter period is written on the face of the cheque.A. six B. fiveC. three D. nine4. If a cheque dated 1st Jan. 1994 was presented on the 5th Oct. 1994, it would be _.A. pre-dated B. post-datedC. out of date D. undated5. If a cheque dated 1st Feb. 1994 was presented on the _, it would be “post-dated”.A. 1st Mar. 1994 B. 2nd May. 1994C. 1st Jan. 1995 D. 5th Jan. 19946. _ cheque can be cashed over the counter.A. An open B. A crossedC. A general crossing D. A special crossing7. The effect of a blank endorsement is to make the cheque payable to the _.A. specified person B. order of a specified personC. bearer D. named person8. Payee J. Smith endorsed James Smith pay to L. Green, this is a _ endorsement.A. Specific B. blankC. restrictive D. general9. The role of the _ bank is to debit the cheque to the customers account.A. paying B. collectingC. advising D. confirming10. Banks usually ask for endorsements when cheques in favour of _ payees are credited to a _ account.A. jointjoint B. jointsoleC. solejoint D. solesole11. When financing is without recourse, this means that the bank has no recourse to the _ if such drafts are dishonoured.A. drawee B. payeeC. payer D. drawer12. An instrument ordering payment subject to the signing of a receipt is called _.A. a conditional payment order B. an unconditional payment orderC. a draft at sight D. a term bill13. Only by endorsement the interest in the bill of exchange can be transferred by _.A. the drawee B. the drawerC. the holder D. any person to the bill14. If a bill is payable “10 days after date”, the date of payment is decided according to _.A. the date of acceptance B. the date of draftC. the date of presentation D. the date of maturity15. A _ carries little risk and can be discounted at the finest rate of interest.A. commercial bill B. bank billC. trade bill D. sight bill16. The person to whom the bill is addressed is called the _.A. drawer B. holderC. payee D. drawee17. Usually, the drawer and _ are the same person.A. the payee B. the payerC. the drawee D. the holder18. A term bill may be accepted by the _.A. drawer B. draweeC. holder D. endorser19. If a bill is a _ bill, the documents will be handed over only against payment of the bill. A. tenor B. sightC. clean D. bank20. From a Chinese banks point of view, the currency account which it maintains abroad is known as _.A. a vostro account B. a nostro accountC. a current account D. a deposit account21. A promissory note is written and signed by _, and sent to _.A. the exporterthe buyer B. the buyerthe exporterC. the exporterthe another exporter D. the buyerthe another buyer22. _is drawn by the exporter and sent to the buyer.A. Draft B. Promissory noteC. I.O.U. D. Cheque23. A promissory note is “inchoate” until it has been delivered to the _.A. payer of bearer B. payee or draweeC. payee or bearer D. holder or drawer24. A cheque drawn in terms of foreign currency by a bank is called_.A. a debit authorization B. a bankers draftC. a promissory note D. an instruction25. The _ of a promissory note has prime liability while the other parties have secondary liability.A. drawer B. draweeC. maker D. acceptor26. _ must be accepted by the drawee before payment.A. A sight bill B. A bill payable days after sightC. A bill payable days after date D. A promissory note27. _ dishonoured by non-payment must be protested for non-payment.A. A sight bill B. A time billC. A foreign bill D. A promissory note28. A bill accepted by a person with high credit standing has some advantages over _.A. a cheque B. a promissory noteC. any documents D. one accepted by a little-known person29. An acceptance bill with “payable on delivery of bill of lading” is _.A. a general acceptance B. qualified acceptanceC. non acceptance D. partial acceptance30. _ are shipping documents.A. Bills of exchange B. Promissory notesC. Cheques D. Bills of ladingB(2) 15 1. When financing is without recourse, this means that the bank has no recourse to the _ if such drafts are dishonoured.A. drawee B. endorserC. payer D. drawer2. An instrument ordering payment to be effected at sight may called _.A. a check B. an unconditional payment orderC. a draft at sight D. a term bill3. Only by endorsement the interest in the bill of exchange can be transferred by _.A. the drawee B. the payee C. the holder in due course D. any person to the bill4. If a bill is payable “10 days after date”, the date of payment is decided according to _.A. the date of acceptance B. the date of draftC. the date of presentation D. the date of issuance5. _ carries little risk and can be discounted at the finest rate of interest.A. commercial bill B. bank billC. trade bill D. bankers acceptance trade bill6. _ cheque can not be cashed over the counter.A. An open B. A non-crossedC. A general crossing D. A special crossing7. The effect of a special endorsement is to make the cheque payable to the _.A. specified person B. order of a specified personC. bearer D. named person8. Payee J. Smith endorsed James Smith pay to L. Green, this means _ .A. James Smith makes a specific enodrsementB. James Smith makes a blank endorsementC. James Smith makes a restrictive endorsementD. the title of the bill is transferred by James Smith9. The _ bank is to be primarily responsible for the payment.A. paying bank of a check B. collecting bank of a check C. drawee bank of a bill D. certifying bank of a chek 10. _ banks usually are not responsible for the payment of a check.A. paying bank B.collecting bankC. certifying bank D.advising bank31. A promissory note has the features like _.A. drawer undertakes primary liability for payment B. payment can be effected at sight or at a determinable future timeC. drawee has to accept the noteD. transfer of the note can be made by endorsement 32. Considering the feature, a cheque drawn by a bank can be regarded as _.A. a special bankers sight bill B. a bankers checkC. a promissory note D. a payment order33. The _ of a bill have only secondary liability once the bill is transferred.A. drawer B. draweeC. holder D. acceptor34. _ need not be accepted by the drawee before payment.A. A sight bill B. A bill payable days after sightC. A bill payable days after date D. A check35. _ dishonoured by non-payment must be protested for non-payment.A. A sight bill B. A time billC. A foreign bill D. A promissory noteC 251. The payment of a cheque cannot hinge on certain conditions being met. ( )2. In cheque transaction, the drawer and the payer are the same person. ( )3. A cheque is a demand bank draft. ( )4. The duty of a collecting bank is to debit the customers account. ( )5. If a cheque is presented undated, the payee can insert a date. ( )6. A crossed cheque can be cashed over the counter. ( )7. An open cheque can be cashed over the counter. ( )8. An open cheque can be paid into a bank account. ( )9. A speical endorsement clearly shows a named transferee. ( )10. Endorsements are needed when cheques in favour of a sole payee are credited to a joint account. ( )11. A draft is a conditional order in writing. ( )12. Trade bills are usually documentary bills. ( )13. A bank draft is a cheque drawn by one bank on another. ( )14. The interest in the bill of exchange can only be transferred by endorsement. ( )15. If a bill is payable “at 60 days sight”, the date of payment is decided according to the date of draft. ( )16. Bills drawn by and accepted by commercial firms are known as trade bills. ( )17. The person who draws the bill is called the drawer. ( )18. Any usance bills need to be accepted. ( )19. An endorser of a bill is liable on it to subsequent endorsers and holders of the bill. ( )20. From a Chinese banks point of view, a RMB account operated in China for a foreign bank is termed a vostro account. ( )21. A promissory note is an I.O.U. ( )22. A promissory note is written and signed by the person who promises to make the payment, and sent to the person who is owed the money. ( )23. There is no acceptor in a promissory note. ( )24. There is only one drawee in a promissory note. ( )25. Should the promissory note be made by two persons, then they should be jointly liable on the note. ( )26. A promissory note is an unconditional order in writing. ( )27. There are only two parties in a promissory note. ( )28. Promissory notes are often drawn in sets of three. ( )29. A promissory note dishonoured by non-acceptance must be protested for non-acceptance. ( )30. In a promissory note, the maker and the drawee are the same person. ( )D(1) 30 D(2) 3 1.There are two types of cheque-the _ and the _ cheque. A “crossed” cheque is so called because it has _ across it-an “open” cheque does not.The effective difference is that _ cheque would not normally be _, but would need to be paid into an account. _ cheque can be cashed by _ at the branch of the bank upon which it is drawn.Should a “crossed” cheque fall into some unauthorized persons hands, he could not cash it. As it must go through _, the bank is able to _ the presenter of the cheque and therefore the money may not be _. Once an “open” cheque has been cashed over the counter of a bank by an unauthorized person, the money may never _.For this reason, it is always wise to use “_” cheques when paying bills or sending cheques through the post.Should a customer wish to “_” an “open” cheque before issuing it, he can do so simply by ruling two ink lines across it. To “_” a “crossed” cheque in order to draw cash for himself at his own branch, he simply writes “pay cash” between the parallel lines and adds his signature beneath.2.A bill of exchange provides a very useful device _ which to settle an international trading transaction. _ the exporters point of view, the ideal arrangement is to draw sight bill of exchange (frequently referred _ as a draft) _ a documentary credit, and to receive payment of it immediately _ presentation _ the documents _ the shipment and the draft. If the importer is not prepared to make such an arrangement, the next best thing _ the exporters point of view is to draw a usance, tenor or term bill (i.e. a bill drawn payable a number _ days or months _ its date or _ the day it is received _ acceptance _ the drawee) _ a credit and have it accepted _ the bank confirming the credit. When exporters and importers have been trading _ one another _ some time and have built up a satisfactory trading relationship, they may decide to dispence _ documentary credits and rely solely _ documentary bills to finance their transactions. This means that the exporter will ship his goods and attach the documents _ the consignment _ the bill of exchange which he draws _ the importer. The bill and documents are them sent _ the exporters bank _ the importers bank (or another bank _ the importers country) _ acceptance and/or payment.A bill of exchange is defined _ the bills of Exchange Act, 1882, as “an unconditional order _ writing, addressed _ one person _ another, signed _ the person giving it, requiring the person _ whom it is addressed to pay _ demand, or _ a fixed or determinable future time, a sum certain _ money, _ or _ the order _ a specified person or _ bearer.”3.Bills of exchange drawn at sight are payable by drawee _ by the collecting bank.Term bills of exchange drawn to mature for payment _ provide the drawee (buyer) with time to pay. _ is normally expected to accept term bills drawn on him thereby giving to the collecting bank (on behalf of the seller) his undertaking to make payment at the time specified in the bill of exchange.Term or tenor bills may be sent by the remitting bank to the collecting bank (1) _ by the drawee and return to the remitting bank. Or (2) for acceptance by the drawee and then to be held by the collecting bank _. When a bill of exchange is dispatched on an “acceptance and return” basis, the accepted bill being the property of the drawer is usually sent to him when received back by his bank. Near to the maturity date of the bill the drawer _ it to his bank, this time to send it for collection and payment. So _ is sent abroad a second time, as a clean collection payable on the maturity date. While the majority of collecting banks throughout the world will hold accepted bills on behalf of the remitting banks, pending representation for payment at maturity, there are some that have no facilities to do this and will return an accepted bill automatically. The vast majority of term bills are held abroad after _, pending payment at maturity, and the few which are returned to the drawers country are normally required as security for special export lending. _ are usually reluctant to pay double handling charges, as well as have to hold the accepted bill in the meantime and arrange for its representation for payment.D(3) 2Passage 1A.of B.when C.that D.by E.in F.as G.surrender H.receive I.possession J.become Certain documents are called for in a documentary credit as evidence that the goods have been dispatched and that they purport(意味着，声称) to be of the type and quality ordered. Furthermore, the d